Burns J W & Co. Inc. NY Purchases 337 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

Burns J W & Co. Inc. NY grew its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 3.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,630 shares of the company’s stock after acquiring an additional 337 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Tootsie Roll Industries were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its position in Tootsie Roll Industries by 3.1% in the first quarter. BlackRock Inc. now owns 3,116,923 shares of the company’s stock worth $108,967,000 after purchasing an additional 94,964 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Tootsie Roll Industries by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,842,055 shares of the company’s stock worth $61,303,000 after buying an additional 7,945 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Tootsie Roll Industries by 8.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 885,596 shares of the company’s stock worth $39,771,000 after buying an additional 67,258 shares during the last quarter. State Street Corp raised its position in shares of Tootsie Roll Industries by 5.0% during the 1st quarter. State Street Corp now owns 635,886 shares of the company’s stock valued at $28,558,000 after buying an additional 30,109 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Tootsie Roll Industries by 5.0% in the 1st quarter. Renaissance Technologies LLC now owns 402,575 shares of the company’s stock valued at $18,080,000 after acquiring an additional 19,199 shares during the last quarter. 16.10% of the stock is owned by hedge funds and other institutional investors.

Tootsie Roll Industries Stock Up 2.1 %

Shares of Tootsie Roll Industries stock opened at $30.75 on Tuesday. The stock’s fifty day moving average is $32.98 and its two-hundred day moving average is $37.83. Tootsie Roll Industries, Inc. has a 52 week low of $29.82 and a 52 week high of $46.11. The company has a market capitalization of $2.15 billion, a PE ratio of 27.02 and a beta of 0.12.

Tootsie Roll Industries (NYSE:TR) last issued its earnings results on Tuesday, July 25th. The company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $158.84 million during the quarter. Tootsie Roll Industries had a net margin of 11.14% and a return on equity of 10.19%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. TheStreet cut Tootsie Roll Industries from a “b” rating to a “c+” rating in a research note on Monday, May 22nd. StockNews.com assumed coverage on shares of Tootsie Roll Industries in a research report on Thursday, August 17th. They issued a “hold” rating on the stock.

About Tootsie Roll Industries

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 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.