Spire Wealth Management Boosts Holdings in Corning Incorporated $GLW

Spire Wealth Management grew its stake in Corning Incorporated (NYSE:GLW) by 23.9% during the 4th quarter, Holdings Channel reports. The firm owned 25,692 shares of the electronics maker’s stock after purchasing an additional 4,954 shares during the quarter. Spire Wealth Management’s holdings in Corning were worth $2,250,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Corning in the 3rd quarter valued at about $25,000. Strengthening Families & Communities LLC purchased a new stake in Corning during the 3rd quarter worth approximately $27,000. Total Investment Management Inc. purchased a new stake in Corning during the 2nd quarter worth approximately $28,000. Cornerstone Planning Group LLC raised 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 during the last quarter. Finally, Financial Management Professionals Inc. lifted its position in shares of Corning by 111.1% in the third quarter. Financial Management Professionals Inc. now owns 380 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Insider Activity at Corning

In other Corning news, EVP Lewis A. Steverson sold 15,366 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $130.22, for a total value of $2,000,960.52. Following the transaction, the executive vice president directly owned 3,461 shares in the company, valued at $450,691.42. The trade was a 81.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Eric S. Musser sold 25,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the completion of the sale, the insider directly owned 19,926 shares of the company’s stock, valued at approximately $2,191,860. This trade represents a 55.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 233,201 shares of company stock valued at $32,614,558 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

GLW has been the topic of a number of research analyst reports. UBS Group lifted their price target on Corning from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Mizuho set a $145.00 target price on shares of Corning in a research note on Monday, February 23rd. Barclays set a $100.00 target price on shares of Corning in a research report on Thursday, January 29th. Wolfe Research set a $130.00 price target on shares of Corning and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. Finally, Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.67.

Corning Stock Performance

NYSE GLW opened at $136.94 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.04 and a current ratio of 1.59. The stock’s fifty day moving average is $126.73 and its two-hundred day moving average is $99.99. The firm has a market capitalization of $117.64 billion, a P/E ratio of 74.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. Corning Incorporated has a fifty-two week low of $37.31 and a fifty-two week high of $162.10.

Corning (NYSE:GLW) last issued its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the company earned $0.57 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, research analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, February 27th. Corning’s dividend payout ratio (DPR) is presently 60.87%.

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.