Tootsie Roll Industries (NYSE:TR) Sets New 1-Year High - Here's What Happened

Key Points

• Tootsie Roll Industries' stock reached a new 52-week high of $41.36 during trading, closing at $41.35 with a trading volume of 21,882 shares.
• Wall Street Zen recently downgraded Tootsie Roll Industries from a "buy" to a "hold" rating, indicating a shift in analysts' outlook.
• The company reported $0.24 earnings per share for the last quarter, with a revenue of $153.19 million and a market capitalization of $3.02 billion.

Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as $41.36 and last traded at $41.35, with a volume of 21882 shares. The stock had previously closed at $40.82.

Analysts Set New Price Targets

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

Tootsie Roll Industries Stock Up 0.3%

The company has a market cap of $2.92 billion, a P/E ratio of 32.11 and a beta of 0.46. The firm's 50 day moving average is $38.71 and its two-hundred day moving average is $34.75.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.24 EPS for the quarter. The business had revenue of $153.19 million for the quarter. Tootsie Roll Industries had a net margin of 12.72% and a return on equity of 10.36%.

Institutional Trading of Tootsie Roll Industries

Institutional investors have recently bought and sold shares of the company. D. E. Shaw & Co. Inc. bought a new stake in Tootsie Roll Industries during the fourth quarter valued at $394,000. Man Group plc bought a new stake in Tootsie Roll Industries during the fourth quarter valued at $389,000. Teacher Retirement System of Texas acquired a new position in shares of Tootsie Roll Industries during the first quarter valued at about $1,000,000. Two Sigma Advisers LP raised its holdings in shares of Tootsie Roll Industries by 72.0% during the fourth quarter. Two Sigma Advisers LP now owns 45,148 shares of the company's stock valued at $1,460,000 after purchasing an additional 18,900 shares during the period. Finally, OMERS ADMINISTRATION Corp raised its holdings in shares of Tootsie Roll Industries by 50.4% during the first quarter. OMERS ADMINISTRATION Corp now owns 32,207 shares of the company's stock valued at $1,014,000 after purchasing an additional 10,797 shares during the period. Institutional investors own 14.28% of the company's stock.

Tootsie Roll Industries Company 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.