WIRE Stock: New Construction Boom = More Need

New construction seems to be everywhere in the US

Management consultant FMI Corporation expects $ 1.9 trillion in new construction in the U.S. by 2025.

New homes and office buildings all need electrical wiring to ensure reliable electricity.

The chart above shows the new construction expenses in the US

By 2025, spending will be 35.7% increase From 2020.

All of this new construction will need stable electrical wiring for power.

Today’s electricity supply provides wires, cables and industrial connectors worldwide: Encore Wire Corp. (NASDAQ: wire).

Texas Encore Wire Shares Strong Bulls Index Perfect 100 On our stock power rating system, and we expect it to beat the broad market 3 times in the next 12 months.

WIRE STOCK: A basic giant with strong momentum

Encore Wire crushed it in 2021.

Here is proof:

  • $ 2.6 million in annual sales – This is double in the previous year!
  • The gross profit margin was 33.5% in 2021, more than a doubling of 15.2% in the previous year.

The foundations of WIRE show that this is an outstanding stock.

WIRE gets a perfect score 100 On both Our growth and quality metrics.

It also gets a “strong bullshit” 98 On value.

The price to profit ratio is 3.2 – Five times lower (i.e., cheaper) than the industry average!

The price-to-cash ratio of the company is 3, while its peers average over 4 times at 13.6.

These numbers tell us that WIRE is a great value compared to the rest of the electrical equipment industry.

WIRE Stock Chart

Created in July 2022.

It can be seen in the stock chart above that from July to November 2021, WIRE jumped 113%.

It compared those gains this year, but the stock Still an increase of over 60% per year. In contrast, its industry counterparts 22% decrease At the same time.

WIRE crushes his cousins, people.

Encore Wire Corp. stock Earns a 100 in total On our proprietary stock rating system.

That means we are “strong bulls” and expect it to beat the broad market At least three times in the next 12 months.

Whether buildings use traditional electricity or green energy, they need wiring.

A world leader in the field, WIRE is an excellent candidate for your portfolio.

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Safe Trading,

Matt Clark, CMSA®
Researcher, Money and Markets Analyst

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