Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $36.25 and last traded at $35.64, with a volume of 160927 shares changing hands. The stock had previously closed at $36.03.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded Tootsie Roll Industries from a "buy" rating to a "hold" rating in a report on Friday, May 16th.
Get Our Latest Report on TR
Tootsie Roll Industries Trading Up 0.4%
The business's 50-day moving average price is $32.41 and its 200-day moving average price is $31.97. The stock has a market cap of $2.60 billion, a PE ratio of 29.15 and a beta of 0.39.
Tootsie Roll Industries (NYSE:TR - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.25 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a net margin of 12.14% and a return on equity of 10.23%. The firm had revenue of $146.52 million for the quarter.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of TR. Vanguard Group Inc. grew its position in shares of Tootsie Roll Industries by 11.1% in the 4th quarter. Vanguard Group Inc. now owns 2,109,375 shares of the company's stock worth $68,196,000 after buying an additional 211,129 shares during the last quarter. Bfsg LLC purchased a new stake in Tootsie Roll Industries during the 4th quarter worth approximately $5,543,000. Allspring Global Investments Holdings LLC grew its position in Tootsie Roll Industries by 9.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,242,619 shares of the company's stock worth $39,229,000 after purchasing an additional 102,519 shares during the last quarter. GAMMA Investing LLC grew its position in Tootsie Roll Industries by 3,573.7% during the 1st quarter. GAMMA Investing LLC now owns 66,383 shares of the company's stock worth $2,109,000 after purchasing an additional 64,576 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Tootsie Roll Industries by 29.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 215,015 shares of the company's stock worth $6,769,000 after purchasing an additional 48,484 shares during the last quarter. Hedge funds and other institutional investors 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.
Read More
Before you consider Tootsie Roll Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tootsie Roll Industries wasn't on the list.
While Tootsie Roll Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
