NEW YORK (TheStreet) -- Shares of Standard Pacific Corp. (SPF) are higher by 4.56% to $7.67 on heavy volume in mid-afternoon trading on Friday, after the home building company reported its 2014 fourth quarter earnings results which topped analysts' forecasts.

For the most recent quarter Standard Pacific said its earnings were 16 cents per diluted share beating the 15 cents analysts polled by Thomson Reuters were expecting.

Revenue for the 2014 fourth quarter was $753.6 million versus the $686.7 million analysts had anticipated.

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"Our 2014 results reflect our strong land position and the continued execution of our strategy, with full year pretax income, home sale revenues, and backlog value up 36%, 25%, and 14%, respectively," company CEO Scott Stowell said.

Separately, TheStreet Ratings team rates STANDARD PACIFIC CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate STANDARD PACIFIC CORP (SPF) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow."

You can view the full analysis from the report here: SPF Ratings Report

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