Corning Incorporated (NYSE:GLW) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Corning, with 10 buy ratings and six holds among 16 brokerages. The average 12-month price target is approximately $174.08.
• Corning exceeded quarterly expectations, reporting $0.78 EPS versus the $0.76 consensus and $4.74 billion in revenue, up 17.1% year over year. Management guided for third-quarter 2026 EPS of $0.85–$0.89.
• Company insiders recently sold shares, including CEO Wendell Weeks’ $18.6 million transaction, while Corning declared a quarterly dividend of $0.28 per share, implying a 0.8% annual yield.

Corning Incorporated (NYSE:GLW - Get Free Report) has been given an average recommendation of "Moderate Buy" by the sixteen brokerages that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $174.0769.

A number of research analysts recently issued reports on GLW shares. UBS Group reiterated a "buy" rating and set a $196.00 target price on shares of Corning in a research report on Wednesday, July 29th. Morgan Stanley reduced their price target on shares of Corning from $180.00 to $165.00 and set an "equal weight" rating for the company in a report on Wednesday, July 29th. Citigroup decreased their price target on shares of Corning from $240.00 to $220.00 and set a "buy" rating for the company in a research note on Wednesday, July 29th. Oppenheimer dropped their price objective on shares of Corning from $230.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, July 29th. Finally, Zacks Research cut shares of Corning from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th.

Insider Buying and Selling

In other news, CEO Wendell Weeks sold 100,000 shares of the business's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the completion of the sale, the chief executive officer owned 908,353 shares in the company, valued at $169,371,500.38. The trade was a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $151.29, for a total value of $1,981,899.00. Following the completion of the transaction, the executive vice president owned 15,052 shares in the company, valued at approximately $2,277,217.08. This represents a 46.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.25% of the company's stock.

Institutional Investors Weigh In On Corning

Several hedge funds and other institutional investors have recently made changes to their positions in GLW. Berbice Capital Management LLC bought a new stake in Corning during the 4th quarter worth approximately $26,000. Basepoint Wealth LLC bought a new position in shares of Corning in the fourth quarter valued at approximately $26,000. Atwood & Palmer Inc. purchased a new position in shares of Corning during the second quarter valued at approximately $26,000. Rogco LP purchased a new position in shares of Corning during the second quarter valued at approximately $27,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Corning during the fourth quarter worth $27,000. 69.80% of the stock is owned by institutional investors.

Corning Stock Performance

Shares of Corning stock opened at $146.00 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $166.12 and a two-hundred day moving average price of $165.25. Corning has a 1-year low of $69.39 and a 1-year high of $271.78. The company has a market cap of $125.76 billion, a P/E ratio of 66.67, a PEG ratio of 1.84 and a beta of 1.16.

Corning (NYSE:GLW - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.02. Corning had a return on equity of 20.09% and a net margin of 11.20%.The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the previous year, the business earned $0.60 EPS. The firm's revenue was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, analysts anticipate that Corning will post 3.27 EPS for the current year.

Corning Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be issued a $0.28 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.12 annualized dividend and a yield of 0.8%. Corning's dividend payout ratio is presently 51.14%.

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.

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