Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $38.51 and last traded at $38.42, with a volume of 47588 shares changing hands. The stock had previously closed at $37.65.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered shares of Tootsie Roll Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.
View Our Latest Stock Analysis on Tootsie Roll Industries
Tootsie Roll Industries Stock Performance
The firm has a 50 day moving average of $34.42 and a 200-day moving average of $32.47. The stock has a market capitalization of $2.82 billion, a PE ratio of 31.68 and a beta of 0.40.
Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.25 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a return on equity of 10.29% and a net margin of 12.53%. The firm had revenue of $146.52 million for the quarter.
Tootsie Roll Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors 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 0.93%. Tootsie Roll Industries's dividend payout ratio (DPR) is presently 29.51%.
Institutional Trading of Tootsie Roll Industries
Several institutional investors and hedge funds have recently bought and sold shares of TR. Signaturefd LLC boosted its holdings 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 purchasing an additional 280 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Tootsie Roll Industries by 4.6% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 7,373 shares of the company's stock valued at $232,000 after purchasing an additional 324 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Tootsie Roll Industries by 0.8% in the 4th quarter. HighTower Advisors LLC now owns 45,215 shares of the company's stock valued at $1,462,000 after purchasing an additional 377 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Tootsie Roll Industries by 5.4% in the 4th quarter. LPL Financial LLC now owns 7,859 shares of the company's stock valued at $254,000 after purchasing an additional 404 shares in the last quarter. Finally, CWA Asset Management Group LLC lifted its stake in shares of Tootsie Roll Industries by 3.0% in the 1st quarter. CWA Asset Management Group LLC now owns 17,397 shares of the company's stock valued at $548,000 after acquiring an additional 506 shares during the last quarter. Institutional investors own 14.28% of the company's stock.
About Tootsie Roll Industries
(
Get Free Report)
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.
Further Reading
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