5 Biggest Glass Companies In The World

In this article, we will be taking a look at the 5 biggest glass companies in the world. To read our detailed analysis of these companies and the glass industry, you can go directly to see the 12 Biggest Glass Companies In The World.

5. Corning Incorporated (NYSE:GLW)

Number of Hedge Fund Holders: 34

Market Cap as of November 3: $26,850,000,000

Corning Incorporated (NYSE:GLW) is a multinational company leading the glass industry in making specialty glass and ceramic materials, like advanced optics. In 2005, the company was approached by Apple to make a thin, strong glass for the iPhone, which resulted in the production of Gorilla glass.

Mehdi Hosseini, an analyst at Susquehanna, holds a Positive rating on Corning Incorporated (NYSE:GLW) shares as of October 26. The analyst also placed a $39 price target on the stock.

Corning Incorporated (NYSE:GLW) is a company that stands out because of the strong demand for its optical fiber products. The company reported core sales of $3.7 billion during the third quarter, driven primarily by strong showings from optical communications, environmental technologies, and life sciences. The company also has a 48.6% dividend payout ratio and a yield of 3.4%.

There were 34 hedge funds long Corning Incorporated (NYSE:GLW) in the second quarter, with a total stake value of $319.3 million.