Schwab Charles Investment Management Inc. continued to hold its stake in Caesarstone Ltd. (NASDAQ:CSTE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,600 shares of the construction company’s stock at the end of the first quarter. Schwab Charles Investment Management Inc. owned approximately 0.11% of Caesarstone worth $1,327,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CSTE. Morgan Stanley boosted its stake in Caesarstone by 18.1% in the first quarter. Morgan Stanley now owns 119,169 shares of the construction company’s stock valued at $4,321,000 after buying an additional 18,287 shares during the last quarter. UBS Group AG boosted its stake in Caesarstone by 9.2% in the first quarter. UBS Group AG now owns 71,590 shares of the construction company’s stock valued at $2,595,000 after buying an additional 6,057 shares during the last quarter. Geode Capital Management LLC boosted its stake in Caesarstone by 4.2% in the first quarter. Geode Capital Management LLC now owns 58,004 shares of the construction company’s stock valued at $2,102,000 after buying an additional 2,347 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in Caesarstone during the first quarter valued at $321,000. Finally, MARSHALL WACE ASIA Ltd bought a new stake in Caesarstone during the first quarter valued at $321,000. Institutional investors own 53.13% of the company’s stock.

Caesarstone Ltd. (CSTE) traded down 2.2317% on Tuesday, reaching $28.4017. 85,297 shares of the company traded hands. Caesarstone Ltd. has a 52-week low of $26.35 and a 52-week high of $44.00. The firm has a market cap of $975.23 million, a P/E ratio of 16.2295 and a beta of 2.08. The stock has a 50-day moving average price of $32.50 and a 200-day moving average price of $35.15.

Caesarstone (NASDAQ:CSTE) last posted its earnings results on Wednesday, August 2nd. The construction company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.14. The business had revenue of $148.90 million during the quarter, compared to analysts’ expectations of $148.35 million. Caesarstone had a return on equity of 14.21% and a net margin of 11.21%. Caesarstone’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 EPS. Analysts anticipate that Caesarstone Ltd. will post $1.94 earnings per share for the current fiscal year.

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Several equities research analysts recently weighed in on the stock. BidaskClub cut shares of Caesarstone from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $47.00 target price on shares of Caesarstone in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Caesarstone from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. TheStreet cut shares of Caesarstone from a “b-” rating to a “c+” rating in a research note on Wednesday, June 28th. Finally, Credit Suisse Group assumed coverage on shares of Caesarstone in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $37.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Caesarstone presently has a consensus rating of “Hold” and an average target price of $38.20.

Caesarstone Company Profile

Caesarstone Ltd., formerly 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.

Institutional Ownership by Quarter for Caesarstone (NASDAQ:CSTE)

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