Weiss Ratings Reaffirms "Buy (B-)" Rating for Tootsie Roll Industries (NYSE:TR)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B-)" rating for Tootsie Roll Industries, signaling continued confidence in the company's stock.
• Tootsie Roll Industries shares increased by 0.4% during trading, reaching a price of $43.12, with a market capitalization of $3.15 billion.
• The company reported a net margin of 12.72% and a revenue of $153.19 million for its last quarter.

Tootsie Roll Industries (NYSE:TR - Get Free Report)'s stock had its "buy (b-)" rating restated by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Tootsie Roll Industries Trading Up 0.4%

Shares of Tootsie Roll Industries stock traded up $0.17 during trading on Wednesday, hitting $43.12. 129,909 shares of the stock were exchanged, compared to its average volume of 170,130. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 34.57 and a beta of 0.45. The company has a fifty day moving average price of $40.27 and a 200-day moving average price of $35.96. Tootsie Roll Industries has a 1-year low of $28.32 and a 1-year high of $43.97.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.24 earnings per share 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.

Institutional Investors Weigh In On Tootsie Roll Industries

Large investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its stake in shares of Tootsie Roll Industries by 14.1% in the second quarter. Signaturefd LLC now owns 2,262 shares of the company's stock valued at $76,000 after buying an additional 280 shares in the last quarter. Chevy Chase Trust Holdings LLC lifted its position in Tootsie Roll Industries by 3.0% during the second quarter. Chevy Chase Trust Holdings LLC now owns 10,684 shares of the company's stock valued at $357,000 after purchasing an additional 310 shares during the last quarter. Bank of Montreal Can lifted its position in Tootsie Roll Industries by 1.6% during the second quarter. Bank of Montreal Can now owns 19,372 shares of the company's stock valued at $648,000 after purchasing an additional 312 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of Tootsie Roll Industries by 4.6% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 7,373 shares of the company's stock worth $232,000 after acquiring an additional 324 shares during the last quarter. Finally, Marble Harbor Investment Counsel LLC raised its holdings in Tootsie Roll Industries by 3.0% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 13,558 shares of the company's stock valued at $454,000 after buying an additional 391 shares during the last quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

About Tootsie Roll Industries

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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