Tootsie Roll Industries, Inc. (NYSE:TR) Position Boosted by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System grew its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR – Get Rating) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,286 shares of the company’s stock after purchasing an additional 380 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Tootsie Roll Industries were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new stake in Tootsie Roll Industries during the fourth quarter valued at about $212,000. Sargent Investment Group LLC purchased a new stake in Tootsie Roll Industries during the fourth quarter valued at about $213,000. Summit Global Investments lifted its stake in Tootsie Roll Industries by 0.9% during the fourth quarter. Summit Global Investments now owns 47,348 shares of the company’s stock valued at $2,016,000 after buying an additional 443 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Tootsie Roll Industries by 13.4% during the fourth quarter. New York State Common Retirement Fund now owns 12,234 shares of the company’s stock valued at $521,000 after buying an additional 1,450 shares in the last quarter. Finally, Strs Ohio lifted its position in shares of Tootsie Roll Industries by 71.8% in the fourth quarter. Strs Ohio now owns 14,600 shares of the company’s stock worth $621,000 after purchasing an additional 6,100 shares in the last quarter. Institutional investors own 17.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Tootsie Roll Industries in a research report on Thursday, March 16th. They issued a “hold” rating for the company.

Tootsie Roll Industries Price Performance

NYSE TR opened at $37.36 on Wednesday. The company has a 50 day simple moving average of $42.84 and a 200-day simple moving average of $43.49. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 34.18 and a beta of 0.13. Tootsie Roll Industries, Inc. has a 52-week low of $30.14 and a 52-week high of $46.11.

Tootsie Roll Industries (NYSE:TR – Get Rating) last issued its quarterly earnings data on Tuesday, February 14th. The company reported $0.36 earnings per share for the quarter. The firm had revenue of $188.18 million for the quarter. Tootsie Roll Industries had a net margin of 11.01% and a return on equity of 9.89%.

Tootsie Roll Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 30th. Investors of record on Monday, March 6th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, March 3rd. Tootsie Roll Industries’s payout ratio is presently 32.94%.

Tootsie Roll Industries Company Profile

(Get Rating)

Tootsie Roll Industries, Inc engages in the manufacture and sale of confectionery products. Its brands include Tootsie Roll, Tootsie Pop, Charms Blow Pop, Andes Mints, Sugar Daddy, Charleston Chew, Dubble Bubble, Razzles, Caramel Apple Pop, Junior Mints, Cella’s Chocolate-Covered Cherries, and Nik-L-Nip.