Hudson Value Partners LLC Has $5.74 Million Position in Corning Incorporated $GLW

Hudson Value Partners LLC lifted its stake in shares of Corning Incorporated (NYSE:GLW) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,209 shares of the electronics maker’s stock after purchasing an additional 665 shares during the quarter. Corning accounts for about 2.0% of Hudson Value Partners LLC’s portfolio, making the stock its 12th largest position. Hudson Value Partners LLC’s holdings in Corning were worth $5,743,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Trilogy Capital Inc. grew its holdings in shares of Corning by 11.0% during the 2nd quarter. Trilogy Capital Inc. now owns 6,251 shares of the electronics maker’s stock valued at $329,000 after purchasing an additional 621 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of Corning by 12.1% during the 2nd quarter. Trust Co. of Vermont now owns 10,215 shares of the electronics maker’s stock valued at $537,000 after purchasing an additional 1,100 shares during the last quarter. Forbes J M & Co. LLP bought a new stake in shares of Corning during the 2nd quarter valued at approximately $203,000. Columbia Asset Management grew its holdings in shares of Corning by 6.1% during the 2nd quarter. Columbia Asset Management now owns 43,531 shares of the electronics maker’s stock valued at $2,289,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Elwood & Goetz Wealth Advisory Group LLC bought a new stake in shares of Corning during the 2nd quarter valued at approximately $207,000. 69.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Morgan Stanley set a $56.00 price target on Corning and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Wall Street Zen cut Corning from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 13th. Oppenheimer restated an “outperform” rating and set a $72.00 price target (up from $55.00) on shares of Corning in a report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price target on Corning from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, Argus restated a “buy” rating and set a $68.00 price target on shares of Corning in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Corning presently has an average rating of “Moderate Buy” and an average price target of $70.08.

Insider Activity

In other Corning news, SVP Michael Paul O’day sold 14,879 shares of the stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $62.36, for a total transaction of $927,854.44. Following the transaction, the senior vice president directly owned 35,743 shares in the company, valued at approximately $2,228,933.48. This represents a 29.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Wendell P. Weeks sold 82,103 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $65.19, for a total value of $5,352,294.57. Following the transaction, the chief executive officer owned 809,295 shares in the company, valued at $52,757,941.05. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 181,671 shares of company stock worth $11,816,899. Company insiders own 0.40% of the company’s stock.

Corning Price Performance

Corning stock opened at $83.10 on Thursday. The stock’s 50 day moving average is $69.64 and its 200 day moving average is $55.42. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 0.93. The firm has a market cap of $71.18 billion, a P/E ratio of 88.40, a P/E/G ratio of 1.83 and a beta of 1.14. Corning Incorporated has a one year low of $37.31 and a one year high of $83.75.

Corning (NYSE:GLW) last posted its quarterly earnings data on Tuesday, July 29th. The electronics maker reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.84 billion. Corning had a return on equity of 17.27% and a net margin of 5.77%.During the same period in the previous year, the firm earned $0.47 earnings per share. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. As a group, research analysts expect that Corning Incorporated will post 2.33 EPS for the current year.

About Corning

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.