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 product manufacturer TriMas Corp (NASDAQ:TRS) jumped 11% today after reporting earnings.

So what: Net sales rose 8.9% to $367.7 million and net income jumped 41% to $18.6 million, or $0.41 per share. Revenue topped Wall Street's estimate of $356.4 million and adjusted earnings per share, at $0.43, was six cents ahead of estimates.  

Now what: Small acquisitions helped growth, and management expects to continue making those bolt-on acquisitions in the future. The next two years are important for TriMas because expectations ramp up significantly from earnings of $2.21 per share this year to $2.60 per share in 2015, a high growth rate to achieve. I don't think shares are cheap right now at 20 times earnings, but if shares fall after today's exuberance and investors can get a better value they may be worth another look.