Shares of CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE) rose 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. The stock had previously closed at $36.21.

CSTE has been the subject of several recent research reports. Chardan Capital initiated coverage on shares of CaesarStone Sdot-Yam in a research report on Wednesday, April 6th. They issued a “buy” rating and a $44.00 target price for the company. Zacks Investment Research raised shares of CaesarStone Sdot-Yam from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th. TheStreet raised shares of CaesarStone Sdot-Yam from a “hold” rating to a “buy” rating in a research report on Monday, May 2nd. Stifel Nicolaus boosted their target price on shares of CaesarStone Sdot-Yam from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, May 5th. Finally, Barclays PLC boosted their target price on shares of CaesarStone Sdot-Yam from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.63.

The stock has a market capitalization of $1.33 billion and a price-to-earnings ratio of 18.33. The stock has a 50 day moving average of $35.77 and a 200-day moving average of $36.18.

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

A number of hedge funds recently made changes to their positions in the company. 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. 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. Whitebox Advisors LLC bought a new stake in shares of CaesarStone Sdot-Yam during the fourth quarter valued at approximately $2,026,000. Finally, Deimos Asset Management LLC bought a new stake in shares of CaesarStone Sdot-Yam during the fourth quarter valued at approximately $1,513,000.

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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