Tootsie Roll Industries (NYSE:TR) Reaches New 1-Year High - Should You Buy?

Key Points

• Shares reached a new 52-week high — the stock traded as high as $44.37 (last $44.3950) and has a market capitalization of $3.31 billion with a price-to-earnings ratio of 32.94.
• Recent quarter and dividends: Tootsie Roll reported $0.39 EPS on $196.28 million in revenue (net margin 13.81%, ROE 11.02) and pays a $0.09 quarterly dividend (annualized $0.36, yield 0.8%, DPR 26.87%).
• Market sentiment: Weiss Ratings recently reiterated a "Hold (c+)" and the consensus rating is Hold, while institutional ownership is relatively low at about 14.3% with some modest recent purchases.

Shares of Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $44.37 and last traded at $44.3950, with a volume of 13890 shares traded. The stock had previously closed at $43.73.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Tootsie Roll Industries in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".

Tootsie Roll Industries Stock Up 0.8%

The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 32.94 and a beta of 0.48. The stock's 50-day moving average price is $41.13 and its 200-day moving average price is $39.63.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last posted its quarterly earnings results on Friday, February 27th. The company reported $0.39 earnings per share for the quarter. The business had revenue of $196.28 million during the quarter. Tootsie Roll Industries had a net margin of 13.81% and a return on equity of 11.02%.

Tootsie Roll Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Thursday, March 5th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, March 5th. Tootsie Roll Industries's dividend payout ratio (DPR) is 26.87%.

Institutional Investors Weigh In On Tootsie Roll Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NBT Bank N A NY acquired a new position in Tootsie Roll Industries during the third quarter worth approximately $39,000. CWM LLC grew its holdings in Tootsie Roll Industries by 42.0% in the 3rd quarter. CWM LLC now owns 1,394 shares of the company's stock valued at $58,000 after buying an additional 412 shares in the last quarter. State of Wyoming bought a new position in Tootsie Roll Industries during the 4th quarter worth $58,000. iSAM Funds UK Ltd bought a new position in Tootsie Roll Industries during the 3rd quarter worth $136,000. Finally, Strs Ohio acquired a new stake in shares of Tootsie Roll Industries during the third quarter worth $143,000. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.

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