Is MasterBrand (MBC) an Undervalued Stock?

Oakmark Funds, an investment management company, released its “Oakmark Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund generated a 10.3% return compared to a 7.6% return for the S&P 500 Index. During the year 2022, the fund returned -13.4% compared to the -18.1% return for the S&P 500 Index. Every sector in which the fund invested contributed positively to the fund’s performance in the quarter. The financials and energy sectors were the largest contributors. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Oakmark Funds highlighted stocks like MasterBrand, Inc. (NYSE:MBC) in its Q4 2022 investor letter. Headquartered in Jasper, Indiana, MasterBrand, Inc. (NYSE:MBC) is a residential cabinetry products manufacturer. On January 11, 2023, MasterBrand, Inc. (NYSE:MBC) stock closed at $8.01 per share. One-month return of MasterBrand, Inc. (NYSE:MBC) was 4.03%, and in three months its shares gained 6.09% of their value. MasterBrand, Inc. (NYSE:MBC) has a market capitalization of $1.025 billion.

Oakmark Funds made the following comment about MasterBrand, Inc. (NYSE:MBC) in its Q4 2022 investor letter:

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MasterBrand, Inc. (NYSE:MBC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.