RTTNews | Aug 12, 2020 10:28AM EDT

10:28 Wednesday, August 12, 2020 (RTTNews.com) - Shares of building products maker Builders FirstSource, Inc. (BLDR) are rising more than 10% Wednesday morning at $29.72. The stock touched a 52-week high of $31.18 this morning.

Builders FirstSource is set to join S&P MidCap 400 effective August 17.

Builders FirstSource stock has skyrocketed more than 3-fold in the last few months to a new high of $31.18 today.

The comapny had a huge earnings surprise in the second quarter ended June 30, at $0.67 per share, compared with the average estimate of analysts polled by Thomson Reuters of $0.32 per share.

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