Tootsie Roll Industries (NYSE:TR) Sees Unusually-High Trading Volume

Tootsie Roll Industries, Inc. (NYSE:TR) shares saw an uptick in trading volume on Wednesday . 366,225 shares changed hands during trading, an increase of 150% from the previous session’s volume of 146,493 shares.The stock last traded at $31.60 and had previously closed at $31.98.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Tootsie Roll Industries from a “buy” rating to a “hold” rating in a report on Sunday, June 30th.

Tootsie Roll Industries Stock Performance

The company has a market capitalization of $2.25 billion, a PE ratio of 24.32 and a beta of 0.16. The stock’s fifty day simple moving average is $30.25 and its 200-day simple moving average is $30.24.

Tootsie Roll Industries (NYSE:TR) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.22 earnings per share for the quarter. Tootsie Roll Industries had a return on equity of 11.54% and a net margin of 12.80%. The company had revenue of $148.82 million for the quarter.

Tootsie Roll Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Tuesday, October 8th. Tootsie Roll Industries’s dividend payout ratio is currently 27.54%.

Institutional Investors Weigh In On Tootsie Roll Industries

A number of institutional investors have recently added to or reduced their stakes in TR. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Tootsie Roll Industries in the second quarter worth $33,000. Clarity Asset Management Inc. purchased a new position in Tootsie Roll Industries in the fourth quarter valued at about $55,000. AQR Capital Management LLC acquired a new position in shares of Tootsie Roll Industries during the second quarter worth about $205,000. Commonwealth Equity Services LLC purchased a new stake in shares of Tootsie Roll Industries in the second quarter worth about $247,000. Finally, Hamel Associates Inc. acquired a new stake in shares of Tootsie Roll Industries in the second quarter valued at about $260,000. Hedge funds and other institutional investors own 14.28% of the company’s 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 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.