NEW YORK (TheStreet) -- Shares of Masco (MAS) - Get Report were diving 9.51% to $30.37 on heavy trading volume late Tuesday morning after the company posted weaker-than-expected results for the 2016 third quarter.

Before today's market open, the Taylor, MI-based home improvement and building products company reported adjusted earnings of 41 cents per share, below analysts' projections of 44 cents per share.

Revenue for the period was $1.88 billion, while analysts had forecast $1.92 billion.

"We invested in our industry leading brands to drive growth, and continued to improve profitability by leveraging our operations and selectively exiting lower margin business in our cabinetry segment," CEO Keith Allman said in a statement.

Net sales in its cabinetry products segment fell 6% during the period, while plumbing products net sales increased 5%.

TheStreet Recommends

More than 6.44 million of the company's shares changed hands so far today compared to its average volume of 3.84 million shares per day.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.

The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, expanding profit margins and growth in earnings per share.

The team believes its strengths outweigh the fact that the company shows weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: MAS

Image placeholder title