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

Hodges Capital Management Inc. grew its stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 20.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 562,710 shares of the communications equipment provider’s stock after buying an additional 97,227 shares during the period. Hodges Capital Management Inc. owned approximately 4.43% of Aviat Networks worth $10,190,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVNW. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Aviat Networks by 1.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 99,300 shares of the communications equipment provider’s stock worth $2,148,000 after purchasing an additional 1,100 shares during the last quarter. GAMMA Investing LLC bought a new position in Aviat Networks in the 4th quarter valued at $34,000. NBC Securities Inc. bought a new position in Aviat Networks in the third quarter valued at about $62,000. State Street Corp grew its position in shares of Aviat Networks by 1.6% during the 3rd quarter. State Street Corp now owns 237,689 shares of the communications equipment provider’s stock worth $5,141,000 after buying an additional 3,855 shares during the period. Finally, Tectonic Advisors LLC boosted its stake in 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 acquiring an additional 4,715 shares during the last quarter. 78.62% of the stock is currently owned by institutional investors.

Aviat Networks Trading Up 1.9 %

AVNW stock opened at $19.05 on Monday. The stock has a 50-day simple moving average of $17.87 and a two-hundred day simple moving average of $21.36. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 0.33. Aviat Networks, Inc. has a twelve month low of $12.95 and a twelve month high of $38.85.

Insider Activity

In other news, CFO Michael Connaway acquired 3,500 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of $14.13 per share, for a total transaction of $49,455.00. Following 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Pete A. Smith bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of $14.13 per share, with a total value of $42,390.00. Following the transaction, the chief executive officer now owns 298,539 shares of the company’s stock, valued at $4,218,356.07. The trade was a 1.02 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 7,400 shares of company stock valued at $106,110. Insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Northland Securities dropped their price objective on Aviat Networks from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 8th. Roth Mkm decreased their price objective on Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Lake Street Capital cut their price target on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. JMP Securities reiterated a “market outperform” rating and set a $50.00 target price on shares of Aviat Networks in a research note on Tuesday, October 8th. Finally, StockNews.com cut Aviat Networks from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, Aviat Networks has a consensus rating of “Moderate Buy” and a consensus price target of $38.60.

Aviat Networks Company Profile

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.