Tootsie Roll Industries (NYSE:TR) Sets New 52-Week High – Here’s What Happened

Tootsie Roll Industries, Inc. (NYSE:TR) hit a new 52-week high during trading on Monday . The stock traded as high as $33.22 and last traded at $32.81, with a volume of 118279 shares. The stock had previously closed at $32.57.

Tootsie Roll Industries Trading Up 0.7 %

The company has a market capitalization of $2.41 billion, a P/E ratio of 26.90 and a beta of 0.19. The stock’s fifty day moving average is $31.30 and its 200 day moving average is $31.29.

Tootsie Roll Industries Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a yield of 1.1%. This is a boost from Tootsie Roll Industries’s previous — dividend of $0.09. Tootsie Roll Industries’s dividend payout ratio (DPR) is 30.51%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC boosted its stake in Tootsie Roll Industries by 0.8% during the fourth quarter. HighTower Advisors LLC now owns 45,215 shares of the company’s stock worth $1,462,000 after acquiring an additional 377 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Tootsie Roll Industries by 5.4% in the 4th quarter. LPL Financial LLC now owns 7,859 shares of the company’s stock worth $254,000 after purchasing an additional 404 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Tootsie Roll Industries by 6.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 7,049 shares of the company’s stock worth $228,000 after purchasing an additional 407 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Tootsie Roll Industries by 3.7% during the third quarter. Quest Partners LLC now owns 12,814 shares of the company’s stock valued at $397,000 after purchasing an additional 452 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Tootsie Roll Industries by 2.5% during the fourth quarter. Sei Investments Co. now owns 28,194 shares of the company’s stock valued at $912,000 after buying an additional 695 shares during the last quarter. 14.28% of the stock is owned by hedge funds and other institutional investors.

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.