Amrize stock: Wall Street Zen cuts rating to Sell

Wall Street Zen lowered its rating on Amrize from Hold to Sell in a note dated Saturday, November 7, according to MarketBeat. The change adds a more cautious voice to the analyst view on the North American building-materials company.

Institutional flows split

MarketBeat reported that Allspring Global Investments cut its Amrize holding by 53.2 percent in the third quarter, selling 1,629,684 shares and retaining 1,433,200 shares. The remaining position represented about 0.26 percent of the company and was valued at 53.387 million US dollars at the end of the period.

Other institutions moved in the opposite direction. Pictet Asset Management raised its holding by 4.3 percent to 6,126,150 shares, while CenterBook Partners increased its position by 1,123.6 percent to 101,408 shares. Kestra Advisory Services and Bank Julius Baer also expanded their positions, while Rakuten Investment Management opened a new holding.

Insiders and dividend in focus

Insider activity provided a counterpoint to the institutional selling. Chief Executive Jan Jenisch bought 26,000 shares on September 2 at an average price of 42.47 US dollars, and director Jacques Sanche acquired 4,150 shares on August 26 at an average price of 45.02 US dollars. MarketBeat reported total insider purchases of 34,155 shares worth 1.461276 million US dollars over the preceding three months.

Amrize reported third-quarter earnings of 1.05 US dollars per share and revenue of 3.77 billion US dollars, with revenue up 2.6 percent from the prior-year period. The company declared a quarterly dividend of 0.11 US dollars per share, payable on Wednesday, November 18, to shareholders of record on November 10.

Share price and investor context

Amrize stock traded at 37.30 euros on Lang & Schwarz at 17:36 CET on Friday, November 13.

The broader US market environment remains relevant for building-materials companies; follow Current market reports.

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