TABR Capital Management LLC Acquires New Shares in Corning Incorporated $GLW

Key Points

• TABR Capital Management opened a new position in Corning (NYSE:GLW), buying 99,506 shares worth about $8.71 million in Q4, making GLW its 5th largest holding at roughly 3.4% of its portfolio.
• Insiders have been net sellers recently, disposing of 233,201 shares worth $32.6 million over the past 90 days — including CFO Edward Schlesinger's sale of 21,104 shares — and now own about 0.32% of the stock.
• Analysts are generally positive: MarketBeat shows a consensus rating of Moderate Buy with an average price target of $131.75, and several firms have recently raised targets (e.g., UBS to $160, Bank of America to $144).

TABR Capital Management LLC bought a new position in Corning Incorporated (NYSE:GLW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 99,506 shares of the electronics maker's stock, valued at approximately $8,713,000. Corning accounts for approximately 3.4% of TABR Capital Management LLC's holdings, making the stock its 5th largest position.

A number of other hedge funds also recently added to or reduced their stakes in GLW. Lansforsakringar Fondforvaltning AB publ boosted its stake in Corning by 4.9% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker's stock valued at $21,471,000 after purchasing an additional 12,297 shares during the period. Hartline Investment Corp grew its position in Corning by 113.2% in the 3rd quarter. Hartline Investment Corp now owns 295,362 shares of the electronics maker's stock worth $24,229,000 after purchasing an additional 156,843 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Corning by 32.1% in the third quarter. Natixis Advisors LLC now owns 479,921 shares of the electronics maker's stock valued at $39,367,000 after purchasing an additional 116,583 shares during the period. Schroder Investment Management Group raised its holdings in shares of Corning by 638.0% during the second quarter. Schroder Investment Management Group now owns 546,407 shares of the electronics maker's stock valued at $28,736,000 after buying an additional 472,365 shares during the last quarter. Finally, Caprock Group LLC bought a new stake in shares of Corning during the third quarter valued at approximately $3,355,000. 69.80% of the stock is currently owned by institutional investors.

Insider Transactions at Corning

In other news, CFO Edward A. Schlesinger sold 21,104 shares of the stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the sale, the chief financial officer owned 54,780 shares in the company, valued at $5,727,249. This represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Li Fang sold 9,797 shares of the firm's stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $113.51, for a total value of $1,112,057.47. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 233,201 shares of company stock worth $32,614,558. 0.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GLW shares. Oppenheimer set a $120.00 price objective on Corning in a research report on Thursday, January 29th. JPMorgan Chase & Co. boosted their price target on Corning from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 28th. UBS Group upped their price objective on shares of Corning from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 20th. Fox Advisors lowered shares of Corning from an "overweight" rating to an "equal weight" rating in a research report on Thursday, January 29th. Finally, Bank of America raised their target price on shares of Corning from $120.00 to $144.00 and gave the company a "buy" rating in a research note on Thursday, March 12th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $131.75.

Corning Price Performance

NYSE GLW opened at $124.72 on Monday. The stock's 50-day moving average price is $122.00 and its two-hundred day moving average price is $97.66. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The company has a market cap of $107.00 billion, a PE ratio of 67.78, a PEG ratio of 1.97 and a beta of 1.04. Corning Incorporated has a 1 year low of $37.31 and a 1 year high of $162.10.

Corning (NYSE:GLW - Get Free Report) last announced its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $4.41 billion during the quarter, compared to analysts' expectations of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the company posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, analysts predict that Corning Incorporated will post 2.33 EPS for the current year.

Corning Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.9%. Corning's dividend payout ratio (DPR) is currently 60.87%.

Corning Profile

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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