Raytheon Technologies-RTX Corporation (RTX) Hit a 52 Week High, Can the Run Continue?

Company Performance - RTX shares have increased by 3.1% over the past month and reached a new 52-week high of $133.09, with a year-to-date gain of 14.9% compared to 2.4% for the Zacks Aerospace sector and 2.1% for the Zacks Aerospace - Defense industry [1] - The company has consistently exceeded earnings expectations, reporting EPS of$ 1.54 against a consensus estimate of $1.37 in its last earnings report [2] - For the current fiscal year, RTX is projected to achieve earnings of$ 6.13 per share on revenues of $84.28 billion, reflecting a 6.98% increase in EPS and a 4.39% increase in revenues [3] Valuation Metrics - RTX has a Value Score of B, a Growth Score of B, and a Momentum Score of C, resulting in a combined VGM Score of B [6] - The stock trades at 21.7 times the current fiscal year EPS estimates, which is above the peer industry average of 18 times, while the trailing cash flow basis is at 14.7 times, matching the peer group's average [7] - The PEG ratio for RTX is 2.24, indicating it is not among the top value stocks [7] Zacks Rank - RTX holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, meeting the criteria for investors looking for stocks with strong potential [8] Industry Comparison - The Aerospace - Defense industry is positioned in the top 34% of all industries, suggesting favorable conditions for both RTX and its peer, MTU Aero Engines AG [11] - MTU Aero Engines AG has a Zacks Rank of 1 (Strong Buy) and is expected to post earnings of$ 8.69 per share on revenues of $9.01 billion for the current fiscal year [10]