Westview Management dba Westview Investment Advisors Buys New Holdings in Corning Incorporated $GLW

Key Points

• Westview Management purchased a new position of 52,852 shares of Corning (~$4.63M) in Q4, representing about 2.2% of its portfolio and making GLW its 15th largest holding.
• Analysts and institutions are broadly positive: Corning has a consensus "Moderate Buy" (11 Buys, 4 Holds) with an average target of $131.75, institutional ownership is ~69.8%, and Bank of America recently raised its target to $144.
• Corning slightly beat Q4 estimates with $0.72 EPS vs $0.71 and revenue of $4.41B (up 13.9% YoY), and issued Q1 2026 guidance of $0.66–0.70 EPS.

Westview Management dba Westview Investment Advisors purchased a new position in shares of Corning Incorporated (NYSE:GLW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 52,852 shares of the electronics maker's stock, valued at approximately $4,628,000. Corning makes up 2.2% of Westview Management dba Westview Investment Advisors' portfolio, making the stock its 15th largest position.

A number of other large investors also recently modified their holdings of GLW. Lansforsakringar Fondforvaltning AB publ boosted its stake in Corning by 4.9% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 261,749 shares of the electronics maker's stock valued at $21,471,000 after acquiring an additional 12,297 shares in the last quarter. Hartline Investment Corp increased its position in shares of Corning by 113.2% during the third 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 in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Corning by 32.1% in the 3rd 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 last quarter. Schroder Investment Management Group lifted its holdings in shares of Corning by 638.0% in the 2nd quarter. Schroder Investment Management Group now owns 546,407 shares of the electronics maker's stock valued at $28,736,000 after purchasing an additional 472,365 shares during the last quarter. Finally, Caprock Group LLC acquired a new stake in shares of Corning in the 3rd quarter valued at about $3,355,000. 69.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on GLW. Bank of America raised their price objective on shares of Corning from $120.00 to $144.00 and gave the stock a "buy" rating in a research report on Thursday, March 12th. HSBC reiterated a "buy" rating and set a $135.00 target price on shares of Corning in a research note on Friday, February 13th. Wolfe Research set a $130.00 price objective on Corning and gave the company an "outperform" rating in a research note on Tuesday, January 27th. Morgan Stanley increased their price objective on Corning from $103.00 to $127.00 and gave the stock an "equal weight" rating in a research report on Monday, February 23rd. Finally, Fox Advisors lowered Corning from an "overweight" rating to an "equal weight" rating in a report on Thursday, January 29th. Eleven equities research analysts have rated the stock with a Buy rating and four have given 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 target price of $131.75.

Corning Trading Down 6.3%

Corning stock opened at $124.72 on Monday. The stock has a 50-day moving average price of $122.00 and a 200 day moving average price of $97.66. Corning Incorporated has a 52 week low of $37.31 and a 52 week high of $162.10. The stock has a market cap of $107.00 billion, a PE ratio of 67.78, a P/E/G ratio of 1.97 and a beta of 1.04. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW - Get Free Report) last released its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities research analysts predict that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.

Corning Dividend Announcement

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

Insider Buying and Selling at Corning

In related news, EVP Lewis A. Steverson sold 15,366 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $130.22, for a total transaction of $2,000,960.52. Following the transaction, the executive vice president directly owned 3,461 shares of the company's stock, valued at approximately $450,691.42. The trade was a 81.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Eric S. Musser sold 25,000 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. Following the completion of the transaction, the insider directly owned 19,926 shares of the company's stock, valued at approximately $2,191,860. The trade was a 55.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 233,201 shares of company stock worth $32,614,558. Corporate insiders own 0.32% of the company's stock.

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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