Wilmington Savings Fund Society FSB Acquires New Shares in Tootsie Roll Industries, Inc. (NYSE:TR)

Wilmington Savings Fund Society FSB bought a new position in Tootsie Roll Industries, Inc. (NYSE:TR) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 3,109 shares of the company’s stock, valued at approximately $96,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in Tootsie Roll Industries by 11.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,098,774 shares of the company’s stock worth $34,029,000 after buying an additional 115,839 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Tootsie Roll Industries by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 950,636 shares of the company’s stock worth $29,062,000 after acquiring an additional 31,587 shares in the last quarter. Verition Fund Management LLC increased its stake in shares of Tootsie Roll Industries by 315.6% during the 3rd quarter. Verition Fund Management LLC now owns 54,209 shares of the company’s stock worth $1,679,000 after purchasing an additional 41,165 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Tootsie Roll Industries by 1.5% during the 3rd quarter. HighTower Advisors LLC now owns 44,838 shares of the company’s stock valued at $1,388,000 after purchasing an additional 668 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Tootsie Roll Industries in the 3rd quarter valued at $523,000. 14.28% of the stock is owned by hedge funds and other institutional investors.

Tootsie Roll Industries Trading Up 0.3 %

Shares of NYSE:TR opened at $31.81 on Friday. The stock has a market capitalization of $2.27 billion, a PE ratio of 24.32 and a beta of 0.21. Tootsie Roll Industries, Inc. has a 1 year low of $27.58 and a 1 year high of $35.84. The firm has a fifty day moving average price of $31.51 and a 200 day moving average price of $30.51.

Tootsie Roll Industries (NYSE:TR) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.46 EPS for the quarter. Tootsie Roll Industries had a return on equity of 11.13% and a net margin of 13.02%. The business had revenue of $223.89 million for the quarter.

Tootsie Roll Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Wednesday, December 18th. Tootsie Roll Industries’s payout ratio is 27.48%.

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.