CWA Asset Management Group LLC Purchases New Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

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

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Burns J W & Co. Inc. NY increased its holdings in Tootsie Roll Industries by 3.1% in the second quarter. Burns J W & Co. Inc. NY now owns 11,457 shares of the company's stock worth $350,000 after buying an additional 346 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Tootsie Roll Industries by 3.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 15,423 shares of the company's stock worth $494,000 after purchasing an additional 448 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Tootsie Roll Industries by 3.4% during the first quarter. California State Teachers Retirement System now owns 14,880 shares of the company's stock worth $477,000 after acquiring an additional 494 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in Tootsie Roll Industries by 4.3% in the first quarter. Texas Permanent School Fund Corp now owns 15,571 shares of the company's stock valued at $499,000 after acquiring an additional 649 shares during the period. Finally, Swiss National Bank lifted its holdings in Tootsie Roll Industries by 3.0% during the first quarter. Swiss National Bank now owns 32,849 shares of the company's stock worth $1,052,000 after acquiring an additional 957 shares during the period. Institutional investors and hedge funds own 14.28% of the company's stock.

Tootsie Roll Industries Stock Performance

Shares of Tootsie Roll Industries stock traded up $0.52 during midday trading on Tuesday, hitting $32.14. The company had a trading volume of 157,992 shares, compared to its average volume of 154,831. The company has a 50 day moving average of $30.73 and a 200 day moving average of $29.96. The stock has a market capitalization of $2.30 billion, a P/E ratio of 24.11 and a beta of 0.18. Tootsie Roll Industries, Inc. has a 52-week low of $27.58 and a 52-week high of $35.84.

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

Tootsie Roll Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 8th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, October 8th. Tootsie Roll Industries's dividend payout ratio (DPR) is 27.48%.

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.