Tootsie Roll Industries (NYSE:TR) Trading Down 5.7% - Time to Sell?

Key Points

• Tootsie Roll Industries shares fell by 5.7%, closing at $40.08, which is significantly lower than the previous close of $42.49, with trading volume down by 60% from the average.
• The company has a market capitalization of $2.91 billion and a P/E ratio of 31.99 along with a consensus rating of "Buy" among analysts.
• Tootsie Roll Industries recently announced a quarterly dividend of $0.09 per share, translating to an annualized yield of 0.9%.

Tootsie Roll Industries, Inc. (NYSE:TR - Get Free Report) shares traded down 5.7% on Thursday . The company traded as low as $39.80 and last traded at $40.08. 67,722 shares were traded during mid-day trading, a decline of 60% from the average session volume of 169,431 shares. The stock had previously closed at $42.49.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "buy (b-)" rating on shares of Tootsie Roll Industries in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Tootsie Roll Industries presently has a consensus rating of "Buy".

Tootsie Roll Industries Trading Down 6.1%

The stock's 50-day moving average price is $41.18 and its 200-day moving average price is $36.81. The company has a market capitalization of $2.91 billion, a P/E ratio of 31.99 and a beta of 0.45.

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

Tootsie Roll Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Tuesday, October 7th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, October 7th. Tootsie Roll Industries's dividend payout ratio (DPR) is 28.80%.

Institutional Trading of Tootsie Roll Industries

A number of large investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Tootsie Roll Industries in the 3rd quarter worth about $239,000. Louisiana State Employees Retirement System increased its stake in Tootsie Roll Industries by 15.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company's stock valued at $377,000 after buying an additional 1,200 shares during the period. Sapient Capital LLC acquired a new position in Tootsie Roll Industries during the 3rd quarter valued at about $239,000. CWM LLC increased its stake in Tootsie Roll Industries by 42.0% during 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 period. Finally, GAMMA Investing LLC increased its stake in Tootsie Roll Industries by 23.7% during the 3rd quarter. GAMMA Investing LLC now owns 4,243 shares of the company's stock valued at $178,000 after buying an additional 813 shares during the period. Institutional investors and hedge funds 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.

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