CWA Asset Management Group LLC Acquires Shares of 16,891 Tootsie Roll Industries, Inc. (NYSE:TR)

CWA Asset Management Group LLC bought a new position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,891 shares of the company’s stock, valued at approximately $523,000.

Other hedge funds have also modified their holdings of the company. ORG Partners LLC purchased a new stake in shares of Tootsie Roll Industries during the 2nd quarter valued at approximately $639,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Tootsie Roll Industries in the first quarter worth $801,000. Allspring Global Investments Holdings LLC increased its position in shares of Tootsie Roll Industries by 11.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,098,774 shares of the company’s stock worth $34,029,000 after acquiring an additional 115,839 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Tootsie Roll Industries by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 950,636 shares of the company’s stock valued at $29,062,000 after acquiring an additional 31,587 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Tootsie Roll Industries by 1.3% in the first quarter. Vanguard Group Inc. now owns 1,865,760 shares of the company’s stock valued at $59,760,000 after purchasing an additional 24,408 shares during the period. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Price Performance

TR stock opened at $31.59 on Tuesday. The business’s 50-day moving average is $30.73 and its two-hundred day moving average is $29.96. The firm has a market capitalization of $2.26 billion, a P/E ratio of 24.16 and a beta of 0.18. Tootsie Roll Industries, Inc. has a 1 year low of $27.58 and a 1 year high of $35.84.

Tootsie Roll Industries (NYSE:TR) last issued its earnings results on Wednesday, October 23rd. The company reported $0.46 earnings per share for the quarter. Tootsie Roll Industries had a net margin of 13.02% and a return on equity of 11.25%. The firm had revenue of $223.89 million for the quarter.

Tootsie Roll Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Tuesday, October 8th. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 27.53%.

Tootsie Roll Industries Company 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.