JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
IRVING, Texas - Builders FirstSource, Inc. (NYSE:BLDR), a $14.6 billion market cap company, announced Monday it has dual-listed its common stock on NYSE Texas, a new fully electronic equities exchange headquartered in Dallas. The company will maintain its primary listing on the New York Stock Exchange, using the same BLDR ticker symbol on both exchanges.
The building products supplier joins as one of the founding members of NYSE Texas, which recently launched as an expansion of NYSE’s exchange operations into the Southwest region. According to InvestingPro data, the company maintains strong financial health with a current ratio of 1.79, indicating robust liquidity.
"We are pleased to be among the founding members listed on the NYSE Texas," said Peter Jackson, CEO of Builders FirstSource, in a press release statement.
Chris Taylor, Chief Development Officer of NYSE Group, noted the significance of having the nation’s largest supplier of structural building products join the new exchange.
Builders FirstSource, headquartered in Irving, Texas, supplies building products, prefabricated components, and value-added services to professional homebuilders for new residential construction and repair projects. The company operates in 43 states with approximately 585 locations and maintains a market presence in 48 of the top 50 U.S. metropolitan statistical areas. InvestingPro analysis reveals management’s aggressive share buyback program and strong market position, with 10+ additional insights available to subscribers through detailed Pro Research Reports.
The dual listing comes as NYSE expands its exchange operations beyond its traditional New York base, establishing a presence in Texas, a state known for its business-friendly regulatory environment and growing economy. The company generated $15.9 billion in revenue over the last twelve months, maintaining its position as a prominent player in the Building Products industry.
In other recent news, Builders FirstSource reported its second-quarter 2025 earnings, revealing a mixed financial performance. The company exceeded earnings per share (EPS) expectations with a reported EPS of $2.38, surpassing the anticipated $2.25. However, Builders FirstSource missed revenue projections, reporting $4.23 billion compared to the expected $4.27 billion. Following these results, DA Davidson adjusted its price target for Builders FirstSource, lowering it from $135.00 to $125.00, while maintaining a Neutral rating. Barclays also revised its price target, reducing it slightly from $137.00 to $135.00, but continued to rate the stock as Overweight. The adjustments from both firms were influenced by the company’s earnings performance and cyclical volume pressures. Despite these challenges, Builders FirstSource managed to maintain resilient gross margin performance. These developments provide insights into the company’s current financial landscape and market expectations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.