Vistry Group (LON:VTY) Posts Earnings Results

Key Points

• Vistry Group reported a quarterly earnings per share (EPS) of GBX 17.60 with a net margin of 6.90% and a return on equity of 7.69%.
• The company's share price has declined by 4.2%, with analysts setting varying price targets, ranging from GBX 450 to GBX 684.
• Insider transactions indicate confidence in the company, with a significant purchase of >84,000 shares by insider Greg Fitzgerald at an average price of GBX 590.

Vistry Group (LON:VTY - Get Free Report) released its quarterly earnings results on Wednesday. The company reported GBX 17.60 earnings per share for the quarter, Digital Look Earnings reports. Vistry Group had a net margin of 6.90% and a return on equity of 7.69%.

Vistry Group Stock Performance

VTY traded up GBX 19.05 on Monday, reaching GBX 608.25. The company had a trading volume of 1,881,715 shares, compared to its average volume of 2,827,005. Vistry Group has a 1 year low of GBX 486.70 and a 1 year high of GBX 1,393. The stock has a market capitalization of £1.97 billion, a PE ratio of 2,790.15, a P/E/G ratio of -0.20 and a beta of 2.14. The company has a quick ratio of 0.56, a current ratio of 2.64 and a debt-to-equity ratio of 22.15. The stock has a 50-day moving average price of GBX 612.77 and a 200-day moving average price of GBX 611.48.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VTY. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 684 price objective on shares of Vistry Group in a report on Friday, July 11th. Jefferies Financial Group cut their price objective on shares of Vistry Group from GBX 634 to GBX 628 and set a "hold" rating for the company in a report on Friday. UBS Group restated a "sell" rating and set a GBX 450 price target on shares of Vistry Group in a report on Friday, September 5th. Citigroup dropped their target price on shares of Vistry Group from GBX 602 to GBX 601 and set a "neutral" rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of Vistry Group in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of GBX 600.43.

Insider Activity at Vistry Group

In other Vistry Group news, insider Greg Fitzgerald bought 84,068 shares of Vistry Group stock in a transaction dated Tuesday, August 5th. The stock was acquired at an average cost of GBX 590 per share, with a total value of £496,001.20. Insiders have bought 84,117 shares of company stock valued at $49,630,249 over the last three months. 10.61% of the stock is currently owned by corporate insiders.

Vistry Group announced that its Board of Directors has authorized a share repurchase plan on Monday, August 11th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

About Vistry Group

Vistry Group is one of the UK's leading homebuilders with a top tier housebuilder and leading Partnerships business. Our purpose is to develop sustainable new homes and communities across all sectors of the housing market through our leading brands, Bovis Homes, Linden Homes, Vistry Partnerships and Drew Smith. Our housebuilding division operates across 13 business units, each with a regional office, which are developing hundreds of sites across England.