Hodges Capital Management Inc. Has $5.02 Million Stock Holdings in Aviat Networks, Inc. $AVNW

Hodges Capital Management Inc. lessened its stake in Aviat Networks, Inc. (NASDAQ:AVNW) by 28.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 234,678 shares of the communications equipment provider’s stock after selling 94,935 shares during the quarter. Hodges Capital Management Inc.’s holdings in Aviat Networks were worth $5,017,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AVNW. Comerica Bank increased its stake in Aviat Networks by 40.2% in the 1st quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock valued at $52,000 after buying an additional 780 shares during the period. Royal Bank of Canada increased its stake in shares of Aviat Networks by 290.7% during the 1st quarter. Royal Bank of Canada now owns 40,874 shares of the communications equipment provider’s stock worth $783,000 after purchasing an additional 30,413 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Aviat Networks by 20.6% during the 1st quarter. AQR Capital Management LLC now owns 84,954 shares of the communications equipment provider’s stock worth $1,629,000 after purchasing an additional 14,498 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Aviat Networks by 6.9% during the 1st quarter. Jane Street Group LLC now owns 26,070 shares of the communications equipment provider’s stock worth $500,000 after purchasing an additional 1,683 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Aviat Networks by 6.7% during the 2nd quarter. Rhumbline Advisers now owns 18,341 shares of the communications equipment provider’s stock worth $441,000 after purchasing an additional 1,148 shares during the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.

Aviat Networks Stock Performance

NASDAQ:AVNW opened at $18.35 on Thursday. Aviat Networks, Inc. has a 1 year low of $13.92 and a 1 year high of $27.02. The firm’s fifty day simple moving average is $19.27 and its 200 day simple moving average is $21.72. The company has a current ratio of 1.99, a quick ratio of 1.67 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $237.45 million, a PE ratio of 26.59 and a beta of 0.74.

Aviat Networks (NASDAQ:AVNW) last posted its earnings results on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). Aviat Networks had a net margin of 2.08% and a return on equity of 6.89%. The firm had revenue of $100.00 million during the quarter, compared to analyst estimates of $106.39 million. On average, sell-side analysts anticipate that Aviat Networks, Inc. will post 1.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Citizens Jmp dropped their price target on shares of Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating on the stock in a research note on Wednesday, May 6th. Lake Street Capital set a $31.00 price target on shares of Aviat Networks and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Zacks Research cut Aviat Networks from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Northland Securities reaffirmed a “market perform” rating and issued a $20.00 price target on shares of Aviat Networks in a research report on Tuesday, May 5th. Finally, Wall Street Zen cut Aviat Networks from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $30.00.

Aviat Networks Company Profile

Aviat Networks, Inc is a specialist in wireless transport solutions, designing, manufacturing and selling microwave networking products that enable the secure and reliable transmission of data, voice and video. The company’s offerings address mission-critical communications needs for a broad range of end markets, including telecommunications service providers, utilities, government agencies and enterprises. Its product portfolio spans high-capacity packet microwave radios, IP transport systems and network management software.

Aviat’s core product lines include the WTM series of packet microwave platforms, which deliver scalable throughput and advanced resilience features, and the Eclipse packet microwave systems, which combine broadband capacity with synchronization, security and quality-of-service capabilities.