Securian Asset Management Inc. Sells 16,349 Shares of Corning Incorporated $GLW

Securian Asset Management Inc. cut its position in Corning Incorporated (NYSE:GLW) by 43.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 21,215 shares of the electronics maker’s stock after selling 16,349 shares during the period. Securian Asset Management Inc.’s holdings in Corning were worth $1,858,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GLW. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Corning in the third quarter worth about $25,000. Strengthening Families & Communities LLC acquired a new position in shares of Corning during the third quarter valued at about $27,000. Cornerstone Planning Group LLC increased its holdings in shares of Corning by 58.5% during the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 124 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of Corning during the third quarter valued at about $33,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Corning during the fourth quarter valued at about $35,000. 69.80% of the stock is currently owned by institutional investors.

Insider Activity at Corning

In related news, CEO Wendell P. Weeks sold 137,514 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the sale, the chief executive officer owned 750,585 shares in the company, valued at $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Z. Zhang sold 1,531 shares of Corning stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $133.75, for a total value of $204,771.25. The disclosure for this sale is available in the SEC filing. Insiders sold 140,628 shares of company stock worth $21,774,117 in the last three months. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Fox Advisors downgraded shares of Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Weiss Ratings upgraded shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Wolfe Research set a $130.00 price objective on shares of Corning and gave the company an “outperform” rating in a report on Tuesday, January 27th. Barclays upped their price objective on shares of Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Susquehanna upped their target price on Corning from $125.00 to $180.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Corning has a consensus rating of “Moderate Buy” and an average target price of $172.15.

Corning Trading Up 10.7%

Corning stock opened at $206.99 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 12 month low of $46.34 and a 12 month high of $208.92. The stock’s 50 day simple moving average is $152.13 and its two-hundred day simple moving average is $116.67. The firm has a market cap of $178.14 billion, a PE ratio of 99.04, a P/E/G ratio of 2.68 and a beta of 1.14.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Analysts anticipate that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, May 29th. Corning’s dividend payout ratio (DPR) is 53.59%.

Corning Company Profile

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.