Tootsie Roll Industries (NYSE:TR) Hits New 1-Year High - What's Next?

Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $38.51 and last traded at $38.42, with a volume of 47588 shares. The stock had previously closed at $37.65.

Analyst Upgrades and Downgrades

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

Tootsie Roll Industries Stock Performance

The business has a 50-day moving average of $34.94 and a 200 day moving average of $32.66. The stock has a market cap of $2.92 billion, a PE ratio of 32.06 and a beta of 0.40.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.24 earnings per share for the quarter. The business had revenue of $153.19 million for the quarter. Tootsie Roll Industries had a return on equity of 10.42% and a net margin of 12.72%.

Tootsie Roll Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 19th were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.36 annualized dividend and a dividend yield of 0.90%. Tootsie Roll Industries's dividend payout ratio (DPR) is 29.51%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Deutsche Bank AG bought a new stake in Tootsie Roll Industries during the 4th quarter valued at approximately $52,000. Evermay Wealth Management LLC acquired a new stake in Tootsie Roll Industries during the 1st quarter valued at $58,000. Quantbot Technologies LP increased its stake in shares of Tootsie Roll Industries by 105.5% in the 1st quarter. Quantbot Technologies LP now owns 2,207 shares of the company's stock valued at $69,000 after buying an additional 1,133 shares during the period. Signaturefd LLC increased its stake in shares of Tootsie Roll Industries by 14.1% in the 2nd quarter. Signaturefd LLC now owns 2,262 shares of the company's stock valued at $76,000 after buying an additional 280 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Tootsie Roll Industries in the 4th quarter valued at $82,000. 14.28% of the stock is owned by institutional investors and hedge funds.

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.