CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE) rose 1.8% during mid-day trading on Friday . The stock 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.

CSTE has been the subject of several research reports. Zacks Investment Research upgraded CaesarStone Sdot-Yam from a “sell” rating to a “hold” rating in a report on Wednesday, June 15th. Credit Suisse Group AG reiterated a “buy” rating on shares of CaesarStone Sdot-Yam in a report on Tuesday, May 24th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of CaesarStone Sdot-Yam in a report on Tuesday, May 24th. TheStreet lowered CaesarStone Sdot-Yam from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Finally, Chardan Capital initiated coverage on CaesarStone Sdot-Yam in a report on Wednesday, April 6th. They set a “buy” rating and a $44.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $41.63.

The firm has a market capitalization of $1.29 billion and a P/E ratio of 17.71. The company has a 50-day moving average price of $36.17 and a 200 day moving average price of $36.42.

CaesarStone Sdot-Yam (NASDAQ:CSTE) last announced its quarterly 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. The business earned $116.90 million during the quarter, compared to the consensus estimate of $115.02 million. During the same period in the prior year, the business earned $0.46 EPS. CaesarStone Sdot-Yam’s quarterly revenue was up 8.4% on a year-over-year basis. Equities research analysts anticipate that CaesarStone Sdot-Yam Ltd. will post $2.55 EPS for the current year.

Several large investors have made changes to their positions in CSTE. Deimos Asset Management LLC acquired a new stake in shares of CaesarStone Sdot-Yam during the fourth quarter valued at about $1,513,000. Whitebox Advisors LLC acquired a new stake in shares of CaesarStone Sdot-Yam during the fourth quarter valued at about $2,026,000. State of New Jersey Common Pension Fund D increased its stake in shares of 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 period. Finally, Waterfront Capital Partners LLC increased its stake in shares of 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 during the period.

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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