Tootsie Roll Industries (NYSE:TR) Shares Pass Above 200 Day Moving Average - Here's What Happened

Key Points

• Shares passed above the 200-day moving average — Tootsie Roll traded as high as $42.51 versus a 200‑day MA of $39.48 and was up roughly 2.7% on the day (volume ~170,919 shares).
• Recent quarterly results — the company reported $0.39 EPS on $196.28 million in revenue, with a 13.81% net margin and 11.02% ROE; market cap is about $3.19 billion and P/E ~31.7.
• Dividend and analyst stance — Tootsie Roll declared a $0.09 quarterly dividend (annualized $0.36, yield 0.8%; ex-dividend March 5, payable March 27), while Weiss Ratings reissued a "Hold (C+)" and the consensus rating is Hold.

Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.48 and traded as high as $42.51. Tootsie Roll Industries shares last traded at $42.4170, with a volume of 170,919 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat, the company presently has an average rating of "Hold".

Tootsie Roll Industries Trading Up 2.7%

The firm has a 50-day moving average of $39.61 and a two-hundred day moving average of $39.48. The firm has a market capitalization of $3.19 billion, a P/E ratio of 31.66 and a beta of 0.54.

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

Tootsie Roll Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Thursday, March 5th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, March 5th. Tootsie Roll Industries's dividend payout ratio is 26.87%.

Institutional Trading of Tootsie Roll Industries

Several institutional investors have recently added to or reduced their stakes in TR. NBT Bank N A NY bought a new stake in shares of Tootsie Roll Industries in the 3rd quarter valued at $39,000. CWM LLC raised its position 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 during the last quarter. State of Wyoming bought a new position in Tootsie Roll Industries during the 4th quarter valued at $58,000. Ameritas Investment Partners Inc. purchased a new position in Tootsie Roll Industries during the 2nd quarter worth $60,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in Tootsie Roll Industries during the 2nd quarter worth $130,000. 14.28% of the stock is currently owned by institutional investors.

About Tootsie Roll Industries

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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