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

Key Points

• Tootsie Roll Industries reached a new 52-week high of $41.80, ultimately trading at $41.58, with a total volume of 72,665 shares.
• The company's latest earnings report showed earnings per share of $0.24, with a revenue of $153.19 million for the quarter.
• Institutional investors recently bought and sold shares, with notable increases in positions from organizations such as the Public Sector Pension Investment Board and California State Teachers Retirement System.

Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $41.80 and last traded at $41.58, with a volume of 72665 shares trading hands. The stock had previously closed at $41.00.

Tootsie Roll Industries Price Performance

The company's 50-day moving average price is $39.34 and its two-hundred day moving average price is $35.09. The company has a market capitalization of $2.96 billion, a P/E ratio of 32.48 and a beta of 0.46.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.24 earnings per share for the quarter. The firm had revenue of $153.19 million for the quarter. Tootsie Roll Industries had a net margin of 12.72% and a return on equity of 10.36%.

Tootsie Roll Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, October 7th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. Tootsie Roll Industries's dividend payout ratio is 28.80%.

Institutional Trading of Tootsie Roll Industries

A number of institutional investors have recently bought and sold shares of the business. D. E. Shaw & Co. Inc. bought a new position in shares of Tootsie Roll Industries during the fourth quarter worth approximately $394,000. Man Group plc acquired a new stake in Tootsie Roll Industries during the fourth quarter worth approximately $389,000. Teacher Retirement System of Texas bought a new position in Tootsie Roll Industries during the 1st quarter worth $1,000,000. Two Sigma Advisers LP raised its holdings in Tootsie Roll Industries by 72.0% in the 4th quarter. Two Sigma Advisers LP now owns 45,148 shares of the company's stock valued at $1,460,000 after acquiring an additional 18,900 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its position in shares of Tootsie Roll Industries by 50.4% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 32,207 shares of the company's stock valued at $1,014,000 after acquiring an additional 10,797 shares during the period. Institutional investors own 14.28% of the company's stock.

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.