NEW YORK (

TheStreet

) --

TransDigm Group

(NYSE:

TDG

) hit a new 52-week high Friday as it is currently trading at $108.06, above its previous 52-week high of $107.98 with 19,748 shares traded as of 10:10 a.m. ET. Average volume has been 340,700 shares over the past 30 days.

TransDigm Group has a market cap of $5.08 billion and is part of the

industrial goods

sector and

aerospace/defense

industry. Shares are up 10.8% year to date as of the close of trading on Thursday.

TransDigm Group Incorporated designs, produces, and supplies engineered aircraft components for use on commercial and military aircraft principally in the United States. The company has a P/E ratio of 38.2, above the average aerospace/defense industry P/E ratio of 31.7 and above the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates TransDigm Group as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

TransDigm Group Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null