Tootsie Roll Industries (NYSE:TR) Reaches New 12-Month Low - Time to Sell?

Key Points

• Tootsie Roll shares fell to a new 52-week low of $34.27, below their 50-day and 200-day moving averages, giving the stock a market capitalization of approximately $2.58 billion.
• Despite the price decline, Weiss Ratings upgraded the stock from “hold” to “buy,” and MarketBeat reports an average analyst rating of “Buy.”
• The company reported quarterly revenue of $154.22 million and EPS of $0.18, while maintaining a quarterly dividend of $0.09, equivalent to a 1.0% yield and a 28.12% payout ratio.

Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report) shares reached a new 52-week low during trading on Monday. The company traded as low as $34.27 and last traded at $34.2930, with a volume of 12,357 shares changing hands. The stock had previously closed at $34.78.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Tootsie Roll Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, September 8th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, Tootsie Roll Industries currently has an average rating of "Buy".

Tootsie Roll Industries Price Performance

The firm has a market capitalization of $2.58 billion, a PE ratio of 26.68 and a beta of 0.41. The business's 50 day moving average is $38.58 and its two-hundred day moving average is $39.40.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last announced its earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a net margin of 13.14% and a return on equity of 10.16%. The company had revenue of $154.22 million during the quarter.

Tootsie Roll Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, October 7th were given a $0.09 dividend. The ex-dividend date was Wednesday, October 7th. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. Tootsie Roll Industries's payout ratio is presently 28.12%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC raised its position in Tootsie Roll Industries by 138.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,904 shares of the company's stock worth $72,000 after purchasing an additional 1,104 shares during the period. Brown Lisle Cummings Inc. lifted its stake in Tootsie Roll Industries by 1.2% in the third quarter. Brown Lisle Cummings Inc. now owns 28,095 shares of the company's stock worth $1,056,000 after purchasing an additional 320 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Tootsie Roll Industries during the second quarter valued at about $2,669,000. Integrated Wealth Concepts LLC purchased a new stake in Tootsie Roll Industries during the second quarter valued at about $179,000. Finally, Squarepoint Ops LLC purchased a new stake in Tootsie Roll Industries during the second quarter valued at about $2,544,000. 14.28% of the stock is owned by hedge funds and other institutional investors.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc manufactures and sells confectionery products in the United States and internationally. Its portfolio includes chocolate, candy, gum and other sweets marketed under brands such as Tootsie Roll, Tootsie Pop, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes and Charms Blow Pop.

The company traces its origins to 1896, when Leo Hirschfield began producing candy in New York City. Tootsie Roll, one of its best-known products, was introduced in the late 19th century and named after Hirschfield's daughter, Clara, whose nickname was “Tootsie.” The company later expanded through brand development and acquisitions, building a broad portfolio of widely recognized confectionery products.

Tootsie Roll Industries is headquartered in Chicago, Illinois.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.