Strs Ohio Acquires New Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

Strs Ohio acquired a new stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR – Get Rating) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 8,500 shares of the company’s stock, valued at approximately $282,000.

Other hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in Tootsie Roll Industries by 8.7% during the second quarter. State of Alaska Department of Revenue now owns 13,477 shares of the company’s stock valued at $476,000 after acquiring an additional 1,080 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in Tootsie Roll Industries by 16.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 2,992 shares of the company’s stock worth $106,000 after buying an additional 424 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in Tootsie Roll Industries by 3.7% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 10,494 shares of the company’s stock worth $372,000 after buying an additional 375 shares in the last quarter. Martingale Asset Management L P grew its stake in Tootsie Roll Industries by 10.4% in the 2nd quarter. Martingale Asset Management L P now owns 20,118 shares of the company’s stock worth $712,000 after buying an additional 1,899 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new position in Tootsie Roll Industries in the 2nd quarter worth approximately $561,000. Hedge funds and other institutional investors own 17.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Tootsie Roll Industries in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

Tootsie Roll Industries Price Performance

TR stock opened at $43.11 on Friday. Tootsie Roll Industries, Inc. has a one year low of $31.05 and a one year high of $46.70. The stock has a market cap of $2.97 billion, a PE ratio of 42.21 and a beta of 0.14. The firm has a 50 day simple moving average of $44.00 and a two-hundred day simple moving average of $38.76.

Tootsie Roll Industries (NYSE:TR – Get Rating) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.39 EPS for the quarter. Tootsie Roll Industries had a net margin of 10.71% and a return on equity of 9.14%. The business had revenue of $211.19 million during the quarter.

Tootsie Roll Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 11th. Stockholders of record on Wednesday, December 21st were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, December 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.84%. Tootsie Roll Industries’s dividend payout ratio (DPR) is 35.25%.

Tootsie Roll Industries Profile

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Tootsie Roll Industries, Inc, together with its subsidiaries, engages in manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie 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.