Hodges Capital Management Inc. Has $10.19 Million Stock Position in Aviat Networks, Inc. (NASDAQ:AVNW)

Hodges Capital Management Inc. grew its position in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 20.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 562,710 shares of the communications equipment provider's stock after acquiring an additional 97,227 shares during the quarter. Hodges Capital Management Inc. owned about 4.43% of Aviat Networks worth $10,190,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Aviat Networks by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 425,538 shares of the communications equipment provider's stock valued at $12,208,000 after buying an additional 7,968 shares in the last quarter. AQR Capital Management LLC grew its position in Aviat Networks by 18.3% in the second quarter. AQR Capital Management LLC now owns 34,602 shares of the communications equipment provider's stock valued at $993,000 after acquiring an additional 5,343 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Aviat Networks during the third quarter valued at approximately $62,000. Assenagon Asset Management S.A. acquired a new position in shares of Aviat Networks during the third quarter worth $589,000. Finally, Tectonic Advisors LLC boosted its stake in shares of Aviat Networks by 8.6% in the third quarter. Tectonic Advisors LLC now owns 59,621 shares of the communications equipment provider's stock valued at $1,290,000 after purchasing an additional 4,715 shares during the period. 78.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on AVNW. Northland Securities reiterated an "outperform" rating and issued a $30.00 price objective (up previously from $27.00) on shares of Aviat Networks in a report on Wednesday. Roth Mkm reduced their price target on Aviat Networks from $43.00 to $39.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. StockNews.com upgraded Aviat Networks from a "sell" rating to a "hold" rating in a report on Wednesday. Finally, Lake Street Capital reduced their target price on Aviat Networks from $45.00 to $27.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.60.

Insider Activity

In other news, CFO Michael Connaway bought 3,500 shares of the business's stock in a transaction on Friday, November 8th. The stock was purchased at an average cost of $14.13 per share, for a total transaction of $49,455.00. Following the completion of the transaction, the chief financial officer now directly owns 57,893 shares of the company's stock, valued at approximately $818,028.09. This trade represents a 6.43 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Pete A. Smith purchased 3,000 shares of the stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of $14.13 per share, for a total transaction of $42,390.00. Following the completion of the transaction, the chief executive officer now owns 298,539 shares in the company, valued at $4,218,356.07. This trade represents a 1.02 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 7,400 shares of company stock valued at $106,110. 4.10% of the stock is currently owned by company insiders.

Aviat Networks Stock Performance

AVNW traded down $1.78 during trading hours on Thursday, hitting $24.57. 368,283 shares of the stock were exchanged, compared to its average volume of 212,341. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.72 and a quick ratio of 1.40. Aviat Networks, Inc. has a 12 month low of $12.95 and a 12 month high of $38.85. The stock has a 50-day simple moving average of $18.43 and a 200-day simple moving average of $21.29. The stock has a market cap of $311.79 million, a price-to-earnings ratio of -79.26 and a beta of 1.68.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.94% and a negative net margin of 0.98%. Analysts anticipate that Aviat Networks, Inc. will post 1.13 earnings per share for the current year.

About Aviat Networks

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.