Tootsie Roll Industries (NYSE:TR) Sets New 12-Month High - Should You Buy?

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 $35.00 and last traded at $34.82, with a volume of 24224 shares traded. The stock had previously closed at $33.86.

Analyst Upgrades and Downgrades

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

Tootsie Roll Industries Price Performance

The firm has a market cap of $2.61 billion, a P/E ratio of 29.34 and a beta of 0.39. The company's 50 day moving average is $32.13 and its two-hundred day moving average is $31.90.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.25 earnings per share for the quarter. The firm had revenue of $146.52 million during the quarter. Tootsie Roll Industries had a return on equity of 10.23% and a net margin of 12.14%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Tootsie Roll Industries by 11.1% during the 4th quarter. Vanguard Group Inc. now owns 2,109,375 shares of the company's stock worth $68,196,000 after purchasing an additional 211,129 shares in the last quarter. Bfsg LLC bought a new stake in Tootsie Roll Industries during the 4th quarter worth approximately $5,543,000. Allspring Global Investments Holdings LLC boosted its position in shares of Tootsie Roll Industries by 9.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,242,619 shares of the company's stock worth $39,229,000 after buying an additional 102,519 shares during the period. GAMMA Investing LLC boosted its position in shares of Tootsie Roll Industries by 3,573.7% during the first quarter. GAMMA Investing LLC now owns 66,383 shares of the company's stock worth $2,109,000 after buying an additional 64,576 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Tootsie Roll Industries by 29.1% during the first quarter. Goldman Sachs Group Inc. now owns 215,015 shares of the company's stock worth $6,769,000 after buying an additional 48,484 shares during the period. 14.28% of the stock is owned by institutional investors and hedge funds.

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.