Westhampton Capital LLC Lowers Stock Position in Tootsie Roll Industries, Inc. $TR

Westhampton Capital LLC cut its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 19.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,210 shares of the company’s stock after selling 1,790 shares during the period. Westhampton Capital LLC’s holdings in Tootsie Roll Industries were worth $241,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Tootsie Roll Industries by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,152,076 shares of the company’s stock valued at $67,747,000 after purchasing an additional 42,701 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Tootsie Roll Industries by 9.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,242,619 shares of the company’s stock valued at $39,229,000 after purchasing an additional 102,519 shares in the last quarter. HFR Wealth Management LLC grew its holdings in shares of Tootsie Roll Industries by 1.7% in the first quarter. HFR Wealth Management LLC now owns 286,060 shares of the company’s stock valued at $9,005,000 after purchasing an additional 4,747 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Tootsie Roll Industries by 29.1% in the first quarter. Goldman Sachs Group Inc. now owns 215,015 shares of the company’s stock valued at $6,769,000 after purchasing an additional 48,484 shares in the last quarter. Finally, Bfsg LLC grew its holdings in shares of Tootsie Roll Industries by 2.7% in the first quarter. Bfsg LLC now owns 176,105 shares of the company’s stock valued at $5,544,000 after purchasing an additional 4,656 shares in the last quarter. 14.28% of the stock is owned by hedge funds and other institutional investors.

Tootsie Roll Industries Stock Up 0.2%

Shares of TR opened at $41.21 on Tuesday. The company has a market cap of $3.01 billion, a PE ratio of 33.04 and a beta of 0.46. The business has a fifty day moving average of $39.86 and a 200 day moving average of $35.52. Tootsie Roll Industries, Inc. has a 52-week low of $28.18 and a 52-week high of $42.10.

Tootsie Roll Industries (NYSE:TR) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $153.19 million during the quarter. Tootsie Roll Industries had a return on equity of 10.36% and a net margin of 12.72%.

Tootsie Roll Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, October 7th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, October 7th. Tootsie Roll Industries’s payout ratio is presently 28.80%.

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.