11,436 Shares in Tootsie Roll Industries, Inc. $TR Purchased by New York State Teachers Retirement System

Key Points

• The New York State Teachers Retirement System purchased 11,436 shares of Tootsie Roll Industries, valued at approximately $383,000, during the second quarter.
• Tootsie Roll Industries reported a quarterly revenue of $153.19 million and a net margin of 12.72%, with an EPS of $0.24.
• The company declared a $0.09 dividend payable on October 16th, translating to an annualized dividend of $0.36 and a yield of 0.9%.

New York State Teachers Retirement System bought a new position in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,436 shares of the company's stock, valued at approximately $383,000.

Several other large investors also recently modified their holdings of TR. Evermay Wealth Management LLC bought a new stake in shares of Tootsie Roll Industries in the first quarter worth about $58,000. Quantbot Technologies LP grew its stake in shares of Tootsie Roll Industries by 105.5% in the first quarter. Quantbot Technologies LP now owns 2,207 shares of the company's stock worth $69,000 after purchasing an additional 1,133 shares during the last quarter. Signaturefd LLC boosted its position in Tootsie Roll Industries by 14.1% during the 2nd quarter. Signaturefd LLC now owns 2,262 shares of the company's stock valued at $76,000 after acquiring an additional 280 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Tootsie Roll Industries by 62.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,430 shares of the company's stock worth $115,000 after acquiring an additional 1,321 shares during the period. Finally, KLP Kapitalforvaltning AS grew its holdings in shares of Tootsie Roll Industries by 46.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 3,794 shares of the company's stock worth $127,000 after acquiring an additional 1,198 shares during the period. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Stock Down 7.1%

Shares of TR opened at $39.48 on Friday. The business's 50 day moving average price is $41.20 and its 200-day moving average price is $36.87. Tootsie Roll Industries, Inc. has a 52 week low of $28.32 and a 52 week high of $44.27. The stock has a market cap of $2.88 billion, a P/E ratio of 31.65 and a beta of 0.45.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.24 EPS for the quarter. Tootsie Roll Industries had a return on equity of 10.36% and a net margin of 12.72%.The firm had revenue of $153.19 million for the quarter.

Tootsie Roll Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Tuesday, October 7th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, October 7th. Tootsie Roll Industries's payout ratio is currently 28.80%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "buy (b-)" rating on shares of Tootsie Roll Industries in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Tootsie Roll Industries presently has an average rating of "Buy".

Tootsie Roll Industries Profile

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, and Tutsi Pop trademarks.

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