Hager Investment Management Services LLC Raises Stake in Corning Incorporated $GLW

Key Points

• Hager Investment Management Services LLC increased its stake in Corning Incorporated by 80.5% during the second quarter, now owning 41,330 shares valued at approximately $2.17 million.
• Significant insider activity was noted as both SVP Michael Paul O'day and CEO Wendell P. Weeks sold a combined total of almost $6.3 million in shares, reflecting notable decreases in their positions.
• Corning reported earnings of $0.60 per share for the last quarter, beating analysts' estimates, and guided for Q3 2025 EPS between $0.630-$0.670.

Hager Investment Management Services LLC grew its stake in shares of Corning Incorporated (NYSE:GLW - Free Report) by 80.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,330 shares of the electronics maker's stock after purchasing an additional 18,427 shares during the quarter. Corning makes up approximately 1.3% of Hager Investment Management Services LLC's investment portfolio, making the stock its 29th largest position. Hager Investment Management Services LLC's holdings in Corning were worth $2,174,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. REAP Financial Group LLC boosted its stake in shares of Corning by 191.5% during the second quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 339 shares during the period. Investment Management Corp VA ADV boosted its stake in shares of Corning by 165.9% during the first quarter. Investment Management Corp VA ADV now owns 742 shares of the electronics maker's stock valued at $34,000 after purchasing an additional 463 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Corning by 90.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 745 shares of the electronics maker's stock valued at $34,000 after purchasing an additional 353 shares during the period. Banque Transatlantique SA purchased a new stake in shares of Corning during the first quarter valued at $34,000. Finally, Resources Management Corp CT ADV raised its holdings in shares of Corning by 66.7% in the first quarter. Resources Management Corp CT ADV now owns 750 shares of the electronics maker's stock valued at $34,000 after acquiring an additional 300 shares in the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 owned 35,743 shares in the company, valued at $2,228,933.48. This trade represents a 29.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Wendell P. Weeks sold 82,103 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were 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. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 181,671 shares of company stock worth $11,816,899. Insiders own 0.40% of the company's stock.

Corning Trading Up 2.3%

Corning stock opened at $87.04 on Thursday. Corning Incorporated has a 12 month low of $37.31 and a 12 month high of $87.07. The firm has a market cap of $74.56 billion, a PE ratio of 92.60, a P/E/G ratio of 1.90 and a beta of 1.14. The company has a current ratio of 1.50, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The stock's 50 day simple moving average is $72.29 and its two-hundred day simple moving average is $56.68.

Corning (NYSE:GLW - Get Free Report) last announced its earnings results on Tuesday, July 29th. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. Corning had a return on equity of 17.27% and a net margin of 5.77%.The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same quarter last year, the firm posted $0.47 EPS. Corning has set its Q3 2025 guidance at 0.630-0.670 EPS. Analysts anticipate that Corning Incorporated will post 2.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GLW shares. Susquehanna restated a "positive" rating and issued a $75.00 price objective (up from $60.00) on shares of Corning in a report on Wednesday, July 30th. UBS Group lifted their price objective on Corning from $84.00 to $91.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. Morgan Stanley set a $56.00 price objective on Corning and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Weiss Ratings restated a "hold (c+)" rating on shares of Corning in a report on Wednesday. Finally, Argus restated a "buy" rating and issued a $68.00 price objective on shares of Corning in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $71.42.

Corning Profile

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.

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