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

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

Several other institutional investors have also added to or reduced their stakes in TR. Allspring Global Investments Holdings LLC grew its position 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 worth $39,229,000 after buying an additional 102,519 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Tootsie Roll Industries by 4.6% in the first quarter. Creative Financial Designs Inc. ADV now owns 7,373 shares of the company's stock worth $232,000 after acquiring an additional 324 shares during the period. Brown Lisle Cummings Inc. boosted its holdings in Tootsie Roll Industries by 3.3% in the first quarter. Brown Lisle Cummings Inc. now owns 36,464 shares of the company's stock valued at $1,148,000 after acquiring an additional 1,165 shares in the last quarter. CWA Asset Management Group LLC increased its position in Tootsie Roll Industries by 3.0% during the 1st quarter. CWA Asset Management Group LLC now owns 17,397 shares of the company's stock valued at $548,000 after purchasing an additional 506 shares during the period. Finally, Bfsg LLC raised its holdings in Tootsie Roll Industries by 2.7% in the 1st quarter. Bfsg LLC now owns 176,105 shares of the company's stock worth $5,544,000 after purchasing an additional 4,656 shares in the last quarter. Hedge funds and other institutional investors own 14.28% of the company's stock.

Tootsie Roll Industries Stock Down 1.8%

Shares of Tootsie Roll Industries stock traded down $0.64 on Tuesday, reaching $34.98. The company's stock had a trading volume of 35,286 shares, compared to its average volume of 180,354. Tootsie Roll Industries, Inc. has a 52 week low of $26.78 and a 52 week high of $36.25. The firm's fifty day simple moving average is $34.12 and its two-hundred day simple moving average is $32.33. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 28.61 and a beta of 0.40.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.25 earnings per share (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 for the quarter.

Tootsie Roll Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 19th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.03%. Tootsie Roll Industries's dividend payout ratio is currently 29.51%.

Wall Street Analyst Weigh In

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.