Strs Ohio Has $36.64 Million Position in Corning Incorporated $GLW

Strs Ohio cut its position in shares of Corning Incorporated (NYSE:GLW) by 3.7% in the first quarter, Holdings Channel reports. The institutional investor owned 269,475 shares of the electronics maker’s stock after selling 10,228 shares during the period. Strs Ohio’s holdings in Corning were worth $36,641,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KPP Advisory Services LLC bought a new stake in Corning in the 1st quarter valued at approximately $216,000. Root Financial Partners LLC grew its stake in shares of Corning by 48.0% during the 1st quarter. Root Financial Partners LLC now owns 2,029 shares of the electronics maker’s stock worth $276,000 after acquiring an additional 658 shares in the last quarter. Jacobsen Capital Management bought a new position in shares of Corning during the 1st quarter worth approximately $231,000. Capital Asset Advisory Services LLC acquired a new stake in shares of Corning in the first quarter valued at approximately $218,000. Finally, WD Rutherford LLC bought a new stake in shares of Corning in the first quarter worth $359,000. Institutional investors and hedge funds own 69.80% of the company’s stock.

Insider Buying and Selling at Corning

In other Corning news, SVP Jaymin Amin sold 27,395 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $192.14, for a total value of $5,263,675.30. Following the transaction, the senior vice president directly owned 94,400 shares of the company’s stock, valued at $18,138,016. This represents a 22.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP John Z. Zhang sold 10,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $198.34, for a total value of $1,983,400.00. Following the transaction, the vice president owned 5,138 shares in the company, valued at $1,019,070.92. The trade was a 66.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 160,655 shares of company stock worth $30,692,560 in the last three months. 0.25% of the stock is owned by insiders.

Corning Stock Down 0.3%

Shares of GLW stock opened at $196.12 on Friday. Corning Incorporated has a 52-week low of $51.32 and a 52-week high of $271.78. The stock has a market cap of $168.79 billion, a price-to-earnings ratio of 93.84, a PEG ratio of 2.82 and a beta of 1.09. The firm’s 50-day moving average is $190.59 and its 200-day moving average is $146.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 1.61.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Corning had a return on equity of 19.45% and a net margin of 11.09%.Corning’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the company posted $0.54 earnings per share. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts predict that Corning Incorporated will post 3.19 EPS for the current year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.6%. Corning’s payout ratio is presently 53.59%.

Analyst Upgrades and Downgrades

GLW has been the subject of several recent research reports. Zacks Research cut shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Bank of America boosted their price target on shares of Corning from $155.00 to $186.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Barclays increased their price objective on shares of Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Corning in a report on Friday, May 15th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $186.46.

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.