Teacher Retirement System of Texas Purchases New Stake in Tootsie Roll Industries, Inc. (NYSE:TR)

Teacher Retirement System of Texas bought a new stake in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,766 shares of the company's stock, valued at approximately $1,000,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TR. Deutsche Bank AG bought a new position in shares of Tootsie Roll Industries in the fourth quarter valued at $52,000. KLP Kapitalforvaltning AS bought a new position in Tootsie Roll Industries during the fourth quarter worth $82,000. Corient Private Wealth LLC bought a new position in Tootsie Roll Industries during the fourth quarter worth $208,000. Balyasny Asset Management L.P. bought a new position in Tootsie Roll Industries during the fourth quarter worth $217,000. Finally, Creative Financial Designs Inc. ADV boosted its position in Tootsie Roll Industries by 6.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 7,049 shares of the company's stock worth $228,000 after purchasing an additional 407 shares during the period. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Price Performance

TR stock traded up $1.73 during midday trading on Thursday, reaching $37.99. 344,987 shares of the company were exchanged, compared to its average volume of 182,451. The business has a 50-day moving average price of $34.33 and a two-hundred day moving average price of $32.44. Tootsie Roll Industries, Inc. has a one year low of $26.78 and a one year high of $38.06. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 31.12 and a beta of 0.40.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.25 EPS for the quarter. Tootsie Roll Industries had a net margin of 12.53% and a return on equity of 10.29%. The firm had revenue of $146.52 million during the quarter.

Tootsie Roll Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 19th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Wednesday, June 18th. Tootsie Roll Industries's dividend payout ratio is currently 29.51%.

Wall Street Analyst Weigh In

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

About Tootsie Roll Industries

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.