Teacher Retirement System of Texas Lowers Stock Position in Tootsie Roll Industries, Inc. $TR

Teacher Retirement System of Texas trimmed its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 41.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,188 shares of the company’s stock after selling 47,401 shares during the quarter. Teacher Retirement System of Texas owned about 0.09% of Tootsie Roll Industries worth $2,817,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. NBT Bank N A NY bought a new stake in shares of Tootsie Roll Industries during the third quarter valued at approximately $39,000. CWM LLC increased its position in Tootsie Roll Industries by 42.0% in the third quarter. CWM LLC now owns 1,394 shares of the company’s stock worth $58,000 after purchasing an additional 412 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Tootsie Roll Industries in the second quarter worth $60,000. Signaturefd LLC raised its stake in Tootsie Roll Industries by 14.1% during the second quarter. Signaturefd LLC now owns 2,262 shares of the company’s stock valued at $76,000 after purchasing an additional 280 shares in the last quarter. Finally, State of Wyoming bought a new position in Tootsie Roll Industries during the second quarter valued at $111,000. Hedge funds and other institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Price Performance

TR opened at $37.14 on Thursday. Tootsie Roll Industries, Inc. has a 1 year low of $28.67 and a 1 year high of $44.27. The firm has a fifty day moving average price of $37.48 and a 200 day moving average price of $38.94. The stock has a market cap of $2.71 billion, a P/E ratio of 28.77 and a beta of 0.46.

Tootsie Roll Industries (NYSE:TR) last released its earnings results on Friday, November 7th. The company reported $0.49 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a net margin of 12.99% and a return on equity of 10.53%. The business had revenue of $232.71 million during the quarter.

Tootsie Roll Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, December 24th. Tootsie Roll Industries’s dividend payout ratio (DPR) is 27.91%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Tootsie Roll Industries in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Tootsie Roll Industries Company Profile

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.