NEW YORK (TheStreet) -- Shares of TRI Pointe (TPH) - Get Report are rising 3.13% to $13.85 on heavy trading volume Wednesday afternoon after the homebuilder posted better-than-expected results for the 2016 second quarter.

Before today's market open, the Irvine, CA-based company reported earnings of 46 cents per diluted share, handily beating analysts' projections of 28 cents per share.

Revenue for the period was $624.84 million, topping analysts' forecasts of $545.23 million.

New home orders during the quarter totaled 1,258 compared to 1,238 last year.

"We achieved significant year-over-year increases in home sales revenue, homebuilding gross margin percentage and net income, while maintaining a sales pace of 3.5 orders per average selling community per month," CEO Doug Bauer said in a statement.

About 1.96 million of TRI Pointe's shares were traded so far today vs. its average 30-day volume of 1.58 million shares per day.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and notable return on equity.

But the team also finds weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and poor profit margins.

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: TPH

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