Signaturefd LLC Acquires 280 Shares of Tootsie Roll Industries, Inc. $TR

Signaturefd LLC boosted its stake in Tootsie Roll Industries, Inc. (NYSE:TR) by 14.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,262 shares of the company’s stock after buying an additional 280 shares during the quarter. Signaturefd LLC’s holdings in Tootsie Roll Industries were worth $76,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new stake in shares of Tootsie Roll Industries in the 1st quarter valued at $1,000,000. OMERS ADMINISTRATION Corp boosted its position in Tootsie Roll Industries by 50.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 32,207 shares of the company’s stock valued at $1,014,000 after buying an additional 10,797 shares in the last quarter. American Century Companies Inc. grew its stake in Tootsie Roll Industries by 82.6% during the first quarter. American Century Companies Inc. now owns 27,141 shares of the company’s stock worth $854,000 after buying an additional 12,278 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Tootsie Roll Industries during the first quarter worth approximately $275,000. Finally, Baird Financial Group Inc. raised its stake in shares of Tootsie Roll Industries by 88.4% in the first quarter. Baird Financial Group Inc. now owns 46,934 shares of the company’s stock valued at $1,477,000 after acquiring an additional 22,027 shares during the last quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Trading Up 1.7%

NYSE:TR opened at $43.68 on Monday. Tootsie Roll Industries, Inc. has a 1-year low of $28.26 and a 1-year high of $43.79. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 35.02 and a beta of 0.45. The business’s 50-day moving average price is $40.12 and its two-hundred day moving average price is $35.83.

Tootsie Roll Industries (NYSE:TR) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.24 EPS for the quarter. Tootsie Roll Industries had a return on equity of 10.36% and a net margin of 12.72%.The company had revenue of $153.19 million during the quarter.

Tootsie Roll Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, October 7th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $0.36 annualized dividend and a yield of 0.8%. Tootsie Roll Industries’s payout ratio is 28.80%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Tootsie Roll Industries in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Tootsie Roll Industries presently has an average rating of “Buy”.

Tootsie Roll Industries Profile

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 Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini 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.