Teachers Retirement System of The State of Kentucky Purchases 78,089 Shares of Corning Incorporated $GLW

Key Points

• Teachers Retirement System of the State of Kentucky raised its Corning position by 129.4%, buying 78,089 shares in Q4 to hold 138,458 shares valued at about $12.12 million.
• Corning beat Q4 estimates with $0.72 EPS (vs. $0.71) and $4.41B revenue (up 13.9% YoY), sending the stock near its 1‑year high and prompting multiple analyst price‑target increases while the consensus rating is a Moderate Buy.
• Notably, insiders have been selling: CEO Wendell P. Weeks sold 137,514 shares and insiders sold 233,201 shares in the past 90 days, despite increased institutional buying.

Teachers Retirement System of The State of Kentucky raised its position in Corning Incorporated (NYSE:GLW - Free Report) by 129.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,458 shares of the electronics maker's stock after buying an additional 78,089 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Corning were worth $12,123,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock valued at $319,000 after acquiring an additional 2,114 shares during the period. Retirement Planning Co of New England Inc. purchased a new position in shares of Corning in the first quarter worth about $729,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Corning by 9.3% in 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 during the period. Sivia Capital Partners LLC purchased a new stake in shares of Corning during the 2nd quarter valued at approximately $401,000. Finally, Schnieders Capital Management LLC. purchased a new stake in shares of Corning during the 2nd quarter valued at approximately $266,000. Hedge funds and other institutional investors own 69.80% of the company's stock.

Corning Stock Performance

Corning stock opened at $176.06 on Monday. The firm's 50 day simple moving average is $146.44 and its 200 day simple moving average is $111.13. 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 firm has a market capitalization of $151.24 billion, a PE ratio of 95.69, a price-to-earnings-growth ratio of 2.52 and a beta of 1.06. Corning Incorporated has a 1-year low of $42.00 and a 1-year high of $179.08.

Corning (NYSE:GLW - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The business's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, analysts expect that Corning Incorporated will post 3.15 earnings per share for the current fiscal year.

Corning Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, February 27th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.12 annualized dividend and a yield of 0.6%. Corning's dividend payout ratio (DPR) is currently 60.87%.

Insider Buying and Selling at Corning

In related news, CEO Wendell P. Weeks sold 137,514 shares of the business's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $155.37, for a total transaction of $21,365,550.18. Following the completion of the transaction, the chief executive officer directly owned 750,585 shares in the company, valued at $116,618,391.45. The trade was a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Edward A. Schlesinger sold 21,104 shares of the firm's stock in a transaction dated Thursday, January 29th. The shares were 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 directly owned 54,780 shares in the company, valued at approximately $5,727,249. The trade was a 27.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 233,201 shares of company stock valued at $32,614,558 over the last 90 days. Insiders own 0.25% of the company's stock.

Analyst Ratings Changes

GLW has been the subject of a number of recent research reports. UBS Group lifted their price objective on shares of Corning from $125.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, February 20th. Wolfe Research set a $130.00 price target on Corning and gave the stock an "outperform" rating in a report on Tuesday, January 27th. JPMorgan Chase & Co. cut Corning from an "overweight" rating to a "neutral" rating and lifted their price target for the company from $115.00 to $175.00 in a research report on Thursday, April 16th. Citigroup boosted their price objective on Corning from $120.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, February 25th. Finally, Bank of America increased their price objective on Corning from $155.00 to $186.00 and gave the stock a "buy" rating in a report on Monday, April 20th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $140.08.

Corning News Roundup

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Record‑high momentum driven by a reported Meta partnership and AI infrastructure demand — headlines say the Meta deal plus accelerating data‑center and optical demand helped push GLW to new highs. Corning (GLW) Stock Reaches Record High on Meta Partnership and AI Infrastructure Boom
• Positive Sentiment: Analysts and earnings previews are tilting bullish — multiple articles highlight rising Q1 estimates and the view that GLW could beat as AI/cloud demand, fiber densification and 5G rollout lift telecom and optical component sales. 3 Telecom Stocks Likely to Surpass Q1 Earnings Estimates
• Positive Sentiment: Unusually large call buying — traders purchased ~43,950 GLW call options (≈ +28% vs. typical daily call volume), indicating speculative/hedged bullish interest ahead of earnings and further supporting upward price pressure.
• Neutral Sentiment: Institutional research action: Morgan Stanley raised its Corning price target to $140 while keeping an Equal‑Weight rating — a lift in tone but the PT remains well below the current market price, so it provides only partial validation for the rally. Morgan Stanley Lifts Corning (GLW) PT to $140 as Optical Stocks Hit New Highs
• Neutral Sentiment: Pre‑earnings analysis and metric deep dives are circulating — several previews urge watching segment margins and data‑center/fiber volumes beyond headline EPS/revenue. These pieces inform positioning but won’t move price until results are reported. Countdown to Corning (GLW) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
• Negative Sentiment: Valuation and "is it too late" narratives — several articles question whether the rapid, large gains make GLW overvalued and warn of a potential pullback if results or deal details disappoint. This increases downside risk for momentum traders. Is It Too Late To Consider Corning (GLW) After Its Huge 1-Year Share Price Surge?

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.