Texas Permanent School Fund Corp Sells 1,955 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

Texas Permanent School Fund Corp reduced its stake in Tootsie Roll Industries, Inc. (NYSE:TR) by 12.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,616 shares of the company’s stock after selling 1,955 shares during the period. Texas Permanent School Fund Corp’s holdings in Tootsie Roll Industries were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its position in Tootsie Roll Industries by 19.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,002,425 shares of the company’s stock valued at $32,108,000 after purchasing an additional 160,197 shares in the last quarter. ORG Partners LLC acquired a new position in Tootsie Roll Industries during the second quarter valued at approximately $639,000. State Board of Administration of Florida Retirement System acquired a new position in Tootsie Roll Industries during the first quarter valued at approximately $801,000. Vanguard Group Inc. raised its position in Tootsie Roll Industries by 1.3% during the first quarter. Vanguard Group Inc. now owns 1,865,760 shares of the company’s stock valued at $59,760,000 after purchasing an additional 24,408 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Tootsie Roll Industries during the fourth quarter valued at approximately $191,000. 14.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Tootsie Roll Industries from a “buy” rating to a “hold” rating in a report on Sunday, June 30th.

Tootsie Roll Industries Stock Up 0.2 %

NYSE TR opened at $32.03 on Friday. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 24.45 and a beta of 0.16. Tootsie Roll Industries, Inc. has a twelve month low of $27.58 and a twelve month high of $35.84. The stock has a fifty day simple moving average of $30.12 and a 200 day simple moving average of $30.24.

Tootsie Roll Industries (NYSE:TR) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.22 EPS for the quarter. The business had revenue of $148.82 million for the quarter. Tootsie Roll Industries had a net margin of 12.80% and a return on equity of 11.54%.

Tootsie Roll Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, October 8th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $0.36 dividend on an annualized basis and a yield of 1.12%. Tootsie Roll Industries’s dividend payout ratio (DPR) is currently 27.48%.

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.