Pictet Asset Management Holding SA lifted its stake in Amrize Ltd (NYSE:AMRZ – Free Report) by 4.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,126,150 shares of the company’s stock after purchasing an additional 253,512 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Amrize were worth $230,110,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. CenterBook Partners LP increased its stake in Amrize by 1,123.6% during the 3rd quarter. CenterBook Partners LP now owns 101,408 shares of the company’s stock worth $3,792,000 after acquiring an additional 93,120 shares during the period. Kestra Advisory Services LLC raised its holdings in Amrize by 12.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 165,401 shares of the company’s stock valued at $6,184,000 after acquiring an additional 18,637 shares in the last quarter. Rakuten Investment Management Inc. acquired a new position in Amrize in the 3rd quarter valued at $1,220,000. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Amrize by 8.8% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,102,975 shares of the company’s stock valued at $78,985,000 after acquiring an additional 170,551 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Amrize during the 3rd quarter valued at $49,000.
Wall Street Analyst Weigh In
AMRZ has been the topic of several analyst reports. Bank of America lowered Amrize from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $50.00 to $40.00 in a report on Wednesday, September 2nd. Stephens dropped their price target on Amrize from $65.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. Wells Fargo & Company dropped their price target on Amrize from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, October 30th. JPMorgan Chase & Co. cut their price objective on shares of Amrize from $52.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Finally, Zacks Research downgraded shares of Amrize from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 19th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $49.06.
Get Our Latest Stock Analysis on Amrize
Amrize Stock Performance
Shares of NYSE:AMRZ opened at $41.90 on Friday. The company’s 50 day simple moving average is $39.53 and its 200 day simple moving average is $50.30. The stock has a market capitalization of $23.17 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 1.64 and a beta of 0.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.07 and a quick ratio of 0.67. Amrize Ltd has a 1 year low of $35.78 and a 1 year high of $65.94.
Amrize (NYSE:AMRZ – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $1.05 EPS for the quarter, meeting the consensus estimate of $1.05. Amrize had a net margin of 9.93% and a return on equity of 10.02%. The business had revenue of $3.77 billion during the quarter. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, research analysts predict that Amrize Ltd will post 2.30 EPS for the current fiscal year.
Amrize Dividend Announcement
The firm also recently declared a dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Tuesday, November 10th will be paid a $0.11 dividend. The ex-dividend date is Tuesday, November 10th. Amrize’s dividend payout ratio (DPR) is presently 4.98%.
Insider Buying and Selling
In other Amrize news, CEO Jan Jenisch purchased 26,000 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were bought at an average price of $42.47 per share, for a total transaction of $1,104,220.00. Following the purchase, the chief executive officer owned 1,767,000 shares in the company, valued at approximately $75,044,490. This trade represents a 1.49% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mario Gross purchased 3,568 shares of the stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $46.60 per share, with a total value of $166,268.80. Following the acquisition, the insider directly owned 38,485 shares in the company, valued at $1,793,401. This represents a 10.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 48,983 shares of company stock worth $2,158,755. 0.54% of the stock is owned by company insiders.
Amrize Company Profile
Amrize is a North American building materials and construction solutions company serving customers across the United States and Canada. Its operations span the construction materials and building envelope markets.
The company supplies cement, aggregates, ready-mix concrete and asphalt, as well as roofing and other building-envelope products and services. These materials and solutions support residential, commercial and infrastructure projects.
Amrize became an independent publicly traded company in 2025 through the spin-off of Holcim’s North American business.
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