NEW YORK (TheStreet) -- Lennar Corp. (LEN) - Get Report stock continues to advance, up by 2.87% to $48.04 on heavy trading volume on Tuesday, after the company reported better-than-expected 2016 first quarter results. 

Before the market open today, the home building company reported earnings of 63 cents per share, surpassing analysts' projections for 52 cents per share. Revenue of $2 billion beat Wall Street's estimates for $1.86 billion.

Lennar's quarterly results showed strong growth and terrific gross margins, TheStreet's Jim Cramer wrote in a Real Money article today. However, the quarterly results could encourage the Federal Reserve to raise interest rates, Cramer said. 

"They see Lennar back to where it was in 2006 -- the dreaded 2006 -- and they want Lennar cooled off," Cramer wrote. "They want the economy cooled off, and they are not going to let the strong dollar or the collapse of oil do it."

So far today, 4.97 million shares of Lennar have traded, higher than the company's 30-day trading average of about 2.4 million shares. 

Separately, 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.

TheStreet Ratings rates this stock as a "buy" with a ratings score of B. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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

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