Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $35.00 and last traded at $34.82, with a volume of 24224 shares trading hands. The stock had previously closed at $33.86.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded Tootsie Roll Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.
Check Out Our Latest Stock Analysis on Tootsie Roll Industries
Tootsie Roll Industries Trading Down 1.0%
The firm has a 50 day moving average of $32.33 and a two-hundred day moving average of $31.95. The stock has a market capitalization of $2.60 billion, a PE ratio of 29.24 and a beta of 0.39.
Tootsie Roll Industries (NYSE:TR - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.25 EPS for the quarter. The firm had revenue of $146.52 million for the quarter. Tootsie Roll Industries had a return on equity of 10.23% and a net margin of 12.14%.
Institutional Investors Weigh In On Tootsie Roll Industries
Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC boosted its holdings in shares of Tootsie Roll Industries by 177.6% during the fourth quarter. SG Americas Securities LLC now owns 20,904 shares of the company's stock worth $676,000 after purchasing an additional 13,375 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Tootsie Roll Industries by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 78,909 shares of the company's stock valued at $2,551,000 after acquiring an additional 2,342 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in Tootsie Roll Industries in the fourth quarter valued at $394,000. Man Group plc acquired a new position in Tootsie Roll Industries in the fourth quarter valued at $389,000. Finally, Bfsg LLC purchased a new stake in shares of Tootsie Roll Industries during the 4th quarter valued at about $5,543,000. Institutional investors and hedge funds own 14.28% of the company's stock.
Tootsie Roll Industries Company Profile
(
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.
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