Corning Incorporated $GLW Position Raised by Huntington National Bank

Key Points

• Huntington National Bank boosted its Corning stake by 37.6% in the fourth quarter, ending with 578,432 shares worth about $50.6 million. Institutional investors now own roughly 69.8% of the company.
• Corning reported better-than-expected quarterly results, with EPS of $0.70 versus estimates of $0.69 and revenue of $4.35 billion versus $4.30 billion expected. Revenue rose 18.1% year over year, and the company guided Q2 2026 EPS to $0.73-$0.77.
• Analyst sentiment remains generally constructive, with a Moderate Buy consensus and an average price target of $177.92. At the same time, several insiders sold shares recently, including VP John Z. Zhang and SVP Michaune D. Tillman.

Huntington National Bank lifted its stake in shares of Corning Incorporated (NYSE:GLW - Free Report) by 37.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 578,432 shares of the electronics maker's stock after purchasing an additional 157,959 shares during the quarter. Huntington National Bank owned about 0.07% of Corning worth $50,647,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of GLW. Brighton Jones LLC raised its stake in shares of Corning by 46.0% during the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock valued at $319,000 after purchasing an additional 2,114 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new stake in shares of Corning during the first quarter valued at about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Corning by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker's stock valued at $2,962,000 after purchasing an additional 5,522 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Corning during the second quarter valued at about $401,000. Finally, Schnieders Capital Management LLC. bought a new stake in shares of Corning during the second quarter valued at about $266,000. 69.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GLW shares. Zacks Research cut shares of Corning from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Truist Financial lifted their price objective on shares of Corning from $125.00 to $149.00 and gave the company a "hold" rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded shares of Corning from a "hold" rating to a "buy" rating in a research note on Sunday, May 17th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Corning in a report on Friday, May 15th. Finally, Oppenheimer lifted their target price on Corning from $120.00 to $210.00 and gave the stock an "outperform" rating in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $177.92.

Insider Buying and Selling

In related news, VP John Z. Zhang sold 10,000 shares of Corning stock in a transaction dated 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 of the company's stock, valued at approximately $1,019,070.92. This trade represents a 66.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michaune D. Tillman sold 3,260 shares of Corning stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $207.02, for a total value of $674,885.20. Following the completion of the transaction, the senior vice president directly owned 10,174 shares in the company, valued at $2,106,221.48. This represents a 24.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 60,655 shares of company stock worth $12,046,561. Company insiders own 0.25% of the company's stock.

Corning Trading Down 2.7%

Shares of GLW opened at $190.97 on Thursday. The business's 50-day moving average price is $165.37 and its 200 day moving average price is $125.52. The stock has a market capitalization of $164.35 billion, a P/E ratio of 91.37, a P/E/G ratio of 2.81 and a beta of 1.14. Corning Incorporated has a 1-year low of $48.88 and a 1-year high of $211.79. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. The firm had revenue of $4.35 billion for 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 revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Analysts expect that Corning Incorporated will post 3.19 earnings per share for the current year.

Corning Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.12 dividend on an annualized basis and a yield of 0.6%. Corning's dividend payout ratio (DPR) is currently 53.59%.

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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