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NEW YORK ( TheStreet) -- TransDigm Group (NYSE: TDG) hit a new 52-week high Friday as it is currently trading at $122.30, above its previous 52-week high of $121.48 with 59,452 shares traded as of 9:40 a.m. ET. Average volume has been 413,600 shares over the past 30 days. TransDigm Group has a market cap of $5.81 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 24.4% 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 29, above the average aerospace/defense industry P/E ratio of 25.4 and above the S&P 500 P/E ratio of 17.7.