Raytheon (NYSE:RTN) has been on a tear over the past year as the company's ability to consistently fuel revenue and earnings growth continues to push the stock higher. Now that RTN has returned more than 30%, investors might be wondering whether now is a time to take profits or hold on for the ride. Let's discuss, shall we?
RTN data by YCharts
With the exception of Boeing (NYSE:BA), defense stocks have been riding a strong wave of positive investor sentiment. Lockheed Martin (NYSE:LMT), Northrop Grumman (NYSE:NOC) and RTN have been the main beneficiaries of this upward momentum:
