Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $36.25 and last traded at $35.64, with a volume of 160927 shares. The stock had previously closed at $36.03.
Wall Street Analyst Weigh In
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.
Read Our Latest Research Report on TR
Tootsie Roll Industries Stock Up 0.6%
The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 28.91 and a beta of 0.39. The stock's 50 day moving average price is $32.56 and its two-hundred day moving average price is $32.02.
Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.25 EPS for the quarter. The company had revenue of $146.52 million for the quarter. Tootsie Roll Industries had a net margin of 12.14% and a return on equity of 10.23%.
Tootsie Roll Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 19th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.36 annualized dividend and a yield of 1.02%. Tootsie Roll Industries's dividend payout ratio is presently 29.51%.
Institutional Trading of Tootsie Roll Industries
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TR. Byrne Asset Management LLC acquired a new stake in Tootsie Roll Industries during the fourth quarter valued at $27,000. Deutsche Bank AG acquired a new stake in Tootsie Roll Industries during the fourth quarter valued at $52,000. Evermay Wealth Management LLC acquired a new stake in Tootsie Roll Industries during the first quarter valued at $58,000. Quantbot Technologies LP grew its position in Tootsie Roll Industries by 105.5% during the first quarter. Quantbot Technologies LP now owns 2,207 shares of the company's stock valued at $69,000 after buying an additional 1,133 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Tootsie Roll Industries during the fourth quarter valued at $82,000. Institutional investors and hedge funds 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.
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