Tootsie Roll Industries (NYSE:TR) Reaches New 1-Year High – Time to Buy?

by · The Cerbat Gem

Shares of Tootsie Roll Industries, Inc. (NYSE:TRGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $44.37 and last traded at $44.3950, with a volume of 13890 shares trading hands. The stock had previously closed at $43.73.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Tootsie Roll Industries in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Check Out Our Latest Stock Analysis on TR

Tootsie Roll Industries Price Performance

The company has a market cap of $3.31 billion, a price-to-earnings ratio of 32.94 and a beta of 0.48. The business’s fifty day moving average price is $41.13 and its 200 day moving average price is $39.63.

Tootsie Roll Industries (NYSE:TRGet Free Report) last posted its quarterly earnings data on Friday, February 27th. The company reported $0.39 EPS for the quarter. Tootsie Roll Industries had a return on equity of 11.02% and a net margin of 13.81%.The company had revenue of $196.28 million for the quarter.

Tootsie Roll Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Thursday, March 5th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Tootsie Roll Industries’s dividend payout ratio is 26.87%.

Institutional Investors Weigh In On Tootsie Roll Industries

Large investors have recently bought and sold shares of the stock. NBT Bank N A NY acquired a new position in shares of Tootsie Roll Industries during the third quarter valued at about $39,000. CWM LLC grew its stake in shares of Tootsie Roll Industries by 42.0% in 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. State of Wyoming bought a new stake in Tootsie Roll Industries in the 4th quarter valued at about $58,000. iSAM Funds UK Ltd acquired a new position in Tootsie Roll Industries during the 3rd quarter worth approximately $136,000. Finally, Strs Ohio bought a new position in Tootsie Roll Industries in the third quarter worth approximately $143,000. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Company Profile

(Get Free Report)

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.

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