Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Fortune Brands Home & Security (NYSE:FBHS) jumped 10% today after releasing third-quarter earnings.

So what: Revenue rose 7% in the quarter to $909.1 million, which was $10.3 million ahead of estimates. On the bottom line, net income jumped from $2.2 million a year ago to $40 million, or $0.24 per share. On an adjusted basis, earnings were $0.29 per share, ahead of estimates of $0.25 from analysts.

Now what: The improved housing market boosted sales: Kitchen and bath cabinetry rose 6% in the quarter, and plumbing and accessories increased 12%. Management had so much confidence in the results that it increased its full-year EPS outlook to a range of $0.86 to $0.88, above the consensus estimate of $0.83. The stronger earnings are great, but the stock is still too expensive for my taste, so I'll sit this jump out today.

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Fool contributor Travis Hoium has no positions in the stocks mentioned above. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDrawThe Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.