Shares of CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE) traded up 1.8% during mid-day trading on Friday . The company traded as high as $36.38 and last traded at $36.29, with a volume of 210,953 shares changing hands. The stock had previously closed at $35.64.

A number of analysts have issued reports on the company. TheStreet raised CaesarStone Sdot-Yam from a “hold” rating to a “buy” rating in a report on Monday, May 2nd. Stifel Nicolaus raised their target price on CaesarStone Sdot-Yam from $45.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, May 5th. Zacks Investment Research raised CaesarStone Sdot-Yam from a “sell” rating to a “hold” rating in a report on Tuesday, April 12th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of CaesarStone Sdot-Yam in a report on Tuesday, May 24th. Finally, Barclays PLC raised their target price on CaesarStone Sdot-Yam from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Thursday, May 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $41.63.

The company has a 50-day moving average of $36.19 and a 200-day moving average of $36.45. The company has a market capitalization of $1.29 billion and a price-to-earnings ratio of 17.71.

CaesarStone Sdot-Yam (NASDAQ:CSTE) last released its earnings results on Wednesday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.10. During the same quarter in the previous year, the firm earned $0.46 EPS. The company earned $116.90 million during the quarter, compared to analyst estimates of $115.02 million. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Analysts forecast that CaesarStone Sdot-Yam Ltd. will post $2.55 earnings per share for the current fiscal year.

Other hedge funds recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D raised its stake in CaesarStone Sdot-Yam by 318.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 92,000 shares of the company’s stock valued at $3,987,000 after buying an additional 70,000 shares during the last quarter. Whitebox Advisors LLC acquired a new stake in CaesarStone Sdot-Yam during the fourth quarter valued at about $2,026,000. Deimos Asset Management LLC acquired a new stake in CaesarStone Sdot-Yam during the fourth quarter valued at about $1,513,000. Finally, Waterfront Capital Partners LLC raised its stake in CaesarStone Sdot-Yam by 1.6% in the fourth quarter. Waterfront Capital Partners LLC now owns 665,786 shares of the company’s stock valued at $28,855,000 after buying an additional 10,786 shares in the last quarter.

Caesarstone Sdot-Yam Ltd. is a manufacturer of engineered quartz surfaces. The Company’s products consist of engineered quartz, which are installed as countertops in residential kitchens. Its products are primarily used as kitchen countertops in the renovation, remodeling and residential construction end markets.

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