Ten Iowa Stocks

Iowa is home to seven of the top 1000 companies in the United States. Surrounded by two great American rivers, The Mississippi, and the Missouri, connected by multiple interstate highways, and U.S. Highways, as well as several big airports, it is no wonder that Iowa does business with the world. Here are some interesting facts about the state:

1. Iowa is the number one producer of pork.
2. Iowa is number one in egg production.
3. The state has over 400 certified organic farms.
4. 37% of Iowa’s exports go to Canada, 15% to Mexico, and 7.8% to Japan.
5. Iowa’s top exports are: machinery, transportation, and electrical equipment.
6. The manufacturing industry constitutes 22.2% of Iowa’s gross state product.
7. Trade, transportation and Warehousing employ the largest number of people in the state.
8. Almost 90% of the state territory is used for farming purposes.
9. There are over 300 vineyards in Iowa.
10. Iowa is the top producer of ethanol.

These are some of the largest companies headquartered in Iowa:

• Principal Financial Group (PFG) offers retirement, savings, investment and insurance accounts worldwide. The stock has a P/E of 14, a PEG of 0.70, and it pays a yield of 2.4%.
• Rockwell Collins, Inc. (COL) produces, markets and provides support for communication and aviation products and technologies. The stock has a P/E of 11, a PEG of 0.73, and it pays a yield of 2.0%.
• Terra Industries, Inc. (TRA) produces and sells nitrogen and methanol products for several purposes, both in the United States and abroad. The stock has a P/E of 5, and it pays a yield of 1.4%.
• Terra Nitrogen Company, L.P. (TNH) is structured as a publicly traded limited partnership that develops and makes nitrogen fertilizers. The stock has a P/E of 6, and it pays a yield of 14.1%.
• Casey’s General Stores, Inc. (CASY) is a chain of convenience stores under the name of Casey’s General Stores. It operates mainly in the Midwest. The stock has a P/E of 17, a PEG of 1.51, and it pays a yield of 1.0%.
• Heartland Express, Inc. (HTLD) is a haul truckload carrier. It provides short or medium distance transportation of commodities in the United States. The stock has a P/E of 21, a PEG of 2.09, and it pays a yield of 0.5%.
• Meredith Corporation (MDP) is a book publisher. Other services it provides are: magazine publishing, television, and marketing services. The stock has a P/E of 9, a PEG of 0.92, and it pays a yield of 3.1%.
• HNI Corp. (HNI) develops, makes, and sells office furniture. The stock has a P/E of 12, a PEG of 1.43, and it pays a yield of 3.4%.
• FBL Financial Group, Inc. (FFG) is a financial company engaged in the business of selling life insurance and annuity products. The stock has a P/E of 40, a PEG of 1.66, and it pays a yield of 1.9%.
• United Fire & Casualty Company (UFCS) provides property and casualty insurance in the United States. The stock has a P/E of 12, a PEG of 2.34, and it pays a yield of 2.2%.

Disclosure: Author does not own any of the above.

Comments

[User 120007]

Also note Fisher Controls International and John Deere which are no longer headquartered in Iowa but were (EMR and DE)

[IndyTB]

Umm. okay, but does the author intend to highlight the other 349 states?

[IndyTB]

Typo..49

[Rong]

Mark Russell said that a gourmet tour of Iowa would be a non-stop trip. I was a Collins employee from 1962-1964, (largest private employer in the state at that time). I jokingly refer to this as the two years I did at Iowa. Many time since I have driven through the state. Russell had it right.

[benf]

Iowa also has Iowa Telecom (IWA) a great stock which has weathered the storm well. As of the end of Sept it was priced @ $18. and was yielding an 8.67% quarterly dividend. Check it out, it has been good to me.

[granger]

great stuff, love the state specific ideas, keep it coming

Thank you