Tootsie Roll Industries (NYSE:TR) Hits New 12-Month Low at $28.81

Tootsie Roll Industries, Inc. (NYSE:TRGet Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $28.81 and last traded at $28.81, with a volume of 50219 shares traded. The stock had previously closed at $29.36.

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on TR

Tootsie Roll Industries Trading Down 1.9 %

The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 22.46 and a beta of 0.15. The company has a 50 day moving average price of $30.09 and a 200 day moving average price of $32.06.

Tootsie Roll Industries (NYSE:TRGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.22 EPS for the quarter. The firm had revenue of $151.46 million during the quarter. Tootsie Roll Industries had a return on equity of 11.63% and a net margin of 12.51%.

Tootsie Roll Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Thursday, June 20th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, June 20th. Tootsie Roll Industries’s dividend payout ratio (DPR) is currently 27.54%.

Hedge Funds Weigh In On Tootsie Roll Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of Tootsie Roll Industries by 11.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 842,228 shares of the company’s stock valued at $27,996,000 after purchasing an additional 88,595 shares during the period. Jump Financial LLC acquired a new stake in shares of Tootsie Roll Industries during the third quarter worth $506,000. Qube Research & Technologies Ltd lifted its position in Tootsie Roll Industries by 6.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 74,880 shares of the company’s stock valued at $2,236,000 after acquiring an additional 4,394 shares in the last quarter. Headinvest LLC acquired a new position in Tootsie Roll Industries in the 3rd quarter worth $28,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in Tootsie Roll Industries by 152.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,323 shares of the company’s stock worth $177,000 after purchasing an additional 3,211 shares in the last quarter. 14.28% of the stock is owned by institutional investors.

About Tootsie Roll Industries

(Get Free Report)

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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