Hilltop Holdings Inc. Increases Position in Corning Incorporated $GLW

Hilltop Holdings Inc. increased its position in shares of Corning Incorporated (NYSE:GLW) by 21.2% during the 3rd quarter, Holdings Channel reports. The firm owned 37,148 shares of the electronics maker’s stock after acquiring an additional 6,496 shares during the period. Hilltop Holdings Inc.’s holdings in Corning were worth $3,047,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CVA Family Office LLC increased its stake in Corning by 10.3% in the 3rd quarter. CVA Family Office LLC now owns 1,190 shares of the electronics maker’s stock worth $98,000 after buying an additional 111 shares in the last quarter. Angeles Wealth Management LLC raised its holdings in Corning by 2.8% during the third quarter. Angeles Wealth Management LLC now owns 4,242 shares of the electronics maker’s stock valued at $348,000 after acquiring an additional 116 shares during the period. Vista Investment Partners LLC lifted its position in shares of Corning by 1.3% in the third quarter. Vista Investment Partners LLC now owns 9,496 shares of the electronics maker’s stock valued at $779,000 after acquiring an additional 119 shares in the last quarter. Sapient Capital LLC boosted its stake in shares of Corning by 2.2% in the third quarter. Sapient Capital LLC now owns 5,626 shares of the electronics maker’s stock worth $452,000 after acquiring an additional 120 shares during the period. Finally, Sivia Capital Partners LLC grew its position in shares of Corning by 1.6% during the third quarter. Sivia Capital Partners LLC now owns 7,740 shares of the electronics maker’s stock worth $635,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Corning Stock Performance

NYSE GLW opened at $132.14 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $162.10. The business has a 50 day simple moving average of $118.61 and a two-hundred day simple moving average of $95.93. The stock has a market capitalization of $113.37 billion, a PE ratio of 71.81, a P/E/G ratio of 2.04 and a beta of 1.04.

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

Corning Dividend Announcement

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

Insider Activity at Corning

In other Corning news, COO Avery H. Nelson III sold 1,583 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $128.74, for a total transaction of $203,795.42. Following the completion of the transaction, the chief operating officer owned 59,788 shares in the company, valued at $7,697,107.12. This trade represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John Z. Zhang sold 1,531 shares of Corning stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $133.75, for a total transaction of $204,771.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 233,201 shares of company stock valued at $32,614,558 over the last quarter. 0.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GLW has been the topic of several recent analyst reports. Oppenheimer set a $120.00 target price on Corning in a research note on Thursday, January 29th. Barclays set a $100.00 price target on Corning in a research note on Thursday, January 29th. JPMorgan Chase & Co. lifted their price objective on shares of Corning from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. HSBC reissued a “buy” rating and issued a $135.00 target price on shares of Corning in a report on Friday, February 13th. Finally, Fox Advisors lowered shares of Corning from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 29th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Corning has an average rating of “Moderate Buy” and a consensus price target of $131.75.

About Corning

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.