NEW YORK (TheStreet) -- Shares of Masco Corp (MAS) - Get Report were jumping, up 6.65% to $24.70 in mid-morning trading Tuesday, after the home improvement and building products company released its mixed quarterly earnings results earlier today.
TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio said, "I like Masco, because Masco is part of the investment thesis that Home Depot (HD) - Get Report propounded on its last call," on CNBC's Squawk on the Street this morning.
For the second quarter, the company earned 38 cents per share on revenue of $1.93 billion.
Wall Street was expecting Masco to earn 36 cents a share on revenue of $2.22 billion for the period, according to analysts surveyed by Thomson Reuters.
Additionally, the company said it plans to increase annual dividend by 2 cents per share to 38 cents by the fourth quarter of 2015.
Masco shares have fallen about 2% since the beginning of the year. The stock has risen nearly 22% in the last 52 week period.
Taylor, Mich.-based Masco manufactures, distributes and installs home improvement and building products including Behr paint and Delta faucets.
Separately, TheStreet Ratings team rates MASCO CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate MASCO CORP (MAS) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, solid stock price performance and good cash flow from operations. We feel its strengths outweigh the fact that the company has had sub par growth in net income."
You can view the full analysis from the report here: MAS Ratings Report