Baird Financial Group Inc. Purchases 22,027 Shares of Tootsie Roll Industries, Inc. $TR

Key Points

• Baird Financial Group Inc. significantly increased its stake in Tootsie Roll Industries, acquiring an additional 22,027 shares, bringing its total holdings to 46,934 shares, valued at approximately $1,477,000.
• Other institutional investors have also boosted their positions in Tootsie Roll, with Allspring Global Investments increasing its holdings by 9.0% and GAMMA Investing raising its stake by an astounding 3,573.7%.
• Tootsie Roll Industries' stock opened at $41.16 and has a market capitalization of $3.00 billion, with a 12-month trading range between $28.18 and $41.50.

Baird Financial Group Inc. raised its position in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 88.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,934 shares of the company's stock after acquiring an additional 22,027 shares during the quarter. Baird Financial Group Inc. owned approximately 0.07% of Tootsie Roll Industries worth $1,477,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Tootsie Roll Industries by 9.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,242,619 shares of the company's stock valued at $39,229,000 after purchasing an additional 102,519 shares during the period. GAMMA Investing LLC raised its stake in Tootsie Roll Industries by 3,573.7% in the first quarter. GAMMA Investing LLC now owns 66,383 shares of the company's stock valued at $2,109,000 after buying an additional 64,576 shares during the period. Vanguard Group Inc. raised its stake in Tootsie Roll Industries by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,152,076 shares of the company's stock valued at $67,747,000 after buying an additional 42,701 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Tootsie Roll Industries in the first quarter valued at approximately $1,000,000. Finally, XTX Topco Ltd bought a new position in shares of Tootsie Roll Industries during the 1st quarter worth approximately $732,000. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Stock Up 0.8%

Shares of TR stock opened at $41.16 on Tuesday. Tootsie Roll Industries, Inc. has a 12-month low of $28.18 and a 12-month high of $41.50. The company has a market capitalization of $3.00 billion, a PE ratio of 33.00 and a beta of 0.46. The firm has a 50 day moving average price of $38.32 and a two-hundred day moving average price of $34.56.

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

Analyst Ratings Changes

Separately, Wall Street Zen cut Tootsie Roll Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

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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