CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE) was up 3.1% during trading on Monday . The stock traded as high as $37.40 and last traded at $37.32, with a volume of 162,715 shares trading hands. The stock had previously closed at $36.21.

Several research analysts have recently issued reports on CSTE shares. Zacks Investment Research cut shares of CaesarStone Sdot-Yam from a “hold” rating to a “sell” rating in a report on Friday, May 6th. TheStreet upgraded shares of CaesarStone Sdot-Yam from a “hold” rating to a “buy” rating in a report on Monday, May 2nd. Credit Suisse Group AG reiterated an “outperform” rating and issued a $47.00 price objective on shares of CaesarStone Sdot-Yam in a report on Wednesday, June 29th. Chardan Capital started coverage on shares of CaesarStone Sdot-Yam in a report on Wednesday, April 6th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of CaesarStone Sdot-Yam in a report on Tuesday, May 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. CaesarStone Sdot-Yam currently has a consensus rating of “Buy” and an average target price of $41.63.

The firm has a 50 day moving average price of $35.83 and a 200 day moving average price of $36.23. The firm has a market capitalization of $1.33 billion and a PE ratio of 18.26.

CaesarStone Sdot-Yam (NASDAQ:CSTE) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.10. During the same quarter in the previous year, the business earned $0.46 EPS. The company had revenue of $116.90 million for 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. On average, equities analysts predict that CaesarStone Sdot-Yam Ltd. will post $2.55 EPS for the current fiscal year.

Several institutional investors have added to or reduced their stakes in the stock. Whitebox Advisors LLC acquired a new position in CaesarStone Sdot-Yam during the fourth quarter valued at approximately $2,026,000. Waterfront Capital Partners LLC increased its position 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 during the period. Deimos Asset Management LLC acquired a new position in CaesarStone Sdot-Yam during the fourth quarter valued at approximately $1,513,000. Finally, State of New Jersey Common Pension Fund D increased its position 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 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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