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.

Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.