Tootsie Roll Industries (NYSE:TR) Sets New 12-Month Low at $28.26

Tootsie Roll Industries, Inc. (NYSE:TR)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $28.26 and last traded at $28.36, with a volume of 1993 shares trading hands. The stock had previously closed at $28.41.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Tootsie Roll Industries from a “hold” rating to a “buy” rating in a research report on Saturday.

Tootsie Roll Industries Stock Performance

The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 21.55 and a beta of 0.15. The business’s 50 day moving average is $29.56 and its 200-day moving average is $31.67.

Tootsie Roll Industries (NYSE:TR) last announced its earnings results on Wednesday, April 24th. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $151.46 million for the quarter. Tootsie Roll Industries had a net margin of 12.51% and a return on equity of 11.63%.

Tootsie Roll Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Thursday, June 20th will be given a $0.09 dividend. The ex-dividend date is Thursday, June 20th. This represents a $0.36 annualized dividend and a dividend yield of 1.28%. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 27.54%.

Institutional Investors Weigh In On Tootsie Roll Industries

A number of large investors have recently modified their holdings of the business. Headinvest LLC purchased a new position in shares of Tootsie Roll Industries in the third quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Tootsie Roll Industries by 45,333.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,363 shares of the company’s stock worth $45,000 after purchasing an additional 1,360 shares during the last quarter. Clarity Asset Management Inc. purchased a new stake in shares of Tootsie Roll Industries in the fourth quarter valued at approximately $55,000. Tower Research Capital LLC TRC increased its holdings in shares of Tootsie Roll Industries by 189.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,806 shares of the company’s stock valued at $93,000 after purchasing an additional 1,838 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Tootsie Roll Industries by 107.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,138 shares of the company’s stock valued at $138,000 after purchasing an additional 2,141 shares during the last quarter. Hedge funds and other institutional investors own 14.28% of the company’s stock.

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.