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.
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4. Nippon Sheet Glass Company (TYO:5202)
Number of Hedge Fund Holders: N/A
Market Cap as of November 3: $52,320,000,000
Nippon Sheet Glass Company (TYO:5202) is a Japanese glass manufacturer. The company become one of the four largest glass companies in the world in 2006, after its acquisition of Pilkington. It is based in Minato City, Tokyo.
Nippon Sheet Glass Company’s (TYO:5202) revenue in June 2022 showcased a growth of 20.47% year-over-year, and its profit margin was 1.34% over the same period. The company manufactures and sells flat glass, interior, and exterior glass products and glass in the solar sector. Its automotive division supplies automotive glass to the new car and replacement markets.
3. Fuyao Glass Company (SHA:600660)
Number of Hedge Fund Holders: N/A
Market Cap as of November 3: $88,520,000,000
Fuyao Glass Company (SHA:600660) was founded in 1987 in Fuzhou, China. The company specializes in the production of automotive safety glass and industrial technical glass.
Fuyao Glass Company (SHA:600660) is a dividend-payer, with a yield of 2.72% as of November 3. The company has a P/E ratio of 21.56. It’s product portfolio comprises of coated glass for automotive applications like passenger cars, buses, luxury cars, and float glass.
2. AGC Glass Company (TYO:5201)
Number of Hedge Fund Holders: N/A
Market Cap as of November 3: $1,060,000,000,000
AGC Glass Company (TYO:5201), formerly known as Asahi Glass Co., Ltd., is a global glass manufacturing company based in Tokyo, Japan. The company is among the largest of its kind in the world, and one of the core Mitsubishi companies. It is listed on the Tokyo Stock Exchange and employed over 55,000 people in 2021.
The company is the main competitor for Gorilla glass with its glass version of a smart device called Dragontrail. AGC Glass Company’s (TYO:5201) revenue in June 2022 showcased a growth of 21.04% year-over-year, compared to the same period in 2021. It had a net profit margin of 8.04% over the same period.
1. Kyocera Company (TYO:6971)
Number of Hedge Fund Holders: N/A
Market Cap as of November 3: $2,580,000,000,000
Kyocera Company (TYO:6971) is a multinational ceramics and electronics manufacturer based in Kyoto, Japan. The company was initially named Kyoto Ceramic Company, Limited, when it was founded in 1959. It was renamed Kyocera Company (TYO:6971) in 1982.
Kyocera Company’s (TYO:6971) glass has the ability to reduce the number of pieces it comprises while achieving high performance through the use of glass aspherical lenses. Its net profit margin in June 2022 was 10.16%, showcasing a growth of 4.85% year-over-year, compared to the same period in 2021. The company’s revenue also rose by 16.93% over the same period.
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