Loading companies…

Duratec Ltd ASX:DUR

Infrastructure Services Engineering Services

0 opened or increased7 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 10 managers in total.

Position history by manager Showing 3 of 10 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

7 more managers have commented on DURPro shows the full position history for all 10 managers.

Upgrade to Pro

2023202420252026

15 Sep 2025 to today

Commentary Showing 2 of 20

DateManagerActionSummary

31 Jul 2026Pendal GroupHeldPendal Group notes Duratec was the fund's largest relative detractor in July, reflecting broader weakness across the contracting sector after a strong prior run, with the stock further hit after missing out on a significant defence contract during the month.

Monthly Report, price recorded $2.12

The source document link is a Pro feature

31 Jul 2026QVG CapitalHeldQVG Capital continues to hold Duratec because, despite the stock falling around 20% over July, the company counterintuitively announced material new contracts during the same period. QVG believes Duratec has a significant multi-year earnings ramp ahead that justified its previously high one-year forward earnings multiple, and now views the risk-reward as more straightforward since the earnings outlook remains intact while the valuation has become undemanding.

Monthly Report, price recorded $2.12

The source document link is a Pro feature

18 more comments on DURPro shows every comment, with a link to each source document.

Upgrade to Pro

First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 10 managers first commented on DUR.

View Pro

Articles

31 Jul 2026Duratec's $1.8bn Defence Pipeline Meets Contract Timing Frustrations
30 Jun 2026Duratec DUR Fund Manager Commentary and Investment Thesis

About Duratec Ltd

Industrials, Construction and Engineering

Duratec (ASX:DUR), an asset remediation contractor, has been volatile as contracting stocks swing. In July 2026, QVG Capital noted Duratec fell around 20% despite announcing material new contracts, while Pendal said it was its largest relative detractor amid broader contractor weakness and after missing a significant contract. NAOS observed Duratec had more than doubled over 12 to 18 months with order books at multi-year highs, and Ellerston highlighted its pipeline, including Garden Island defence work and submarine infrastructure. Duratec operates in the Industrials sector within the Construction and Engineering industry, and Thesis Tracker has captured 20 comments from 10 fund managers, including QVG, Pendal Group, NAOS and Ellerston. Founded in 2010 and headquartered in Wangara, Perth, Duratec provides protection, remediation and refurbishment of steel and concrete assets for defence, mining, energy, marine and buildings, and is positioned to benefit from AUKUS-related defence infrastructure investment.

Market cap: $515m
Price to earnings: 23.9x
Return on equity: 28.3%
Dividend yield: 2.1%
Price to book: 5.84x
Net margin: 4.2%
52-week range: $1.70 to $2.96

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Duratec Ltd (ASX:DUR)?

Fund managers including Ryder Capital, Firetrail Investments, Ellerston Capital, QVG Capital, Balmoral Investors, Pendal Group, Renaissance Asset Management, LSN Capital Partners, Wilson Asset Management and Naos Asset Management have invested in Duratec Ltd (ASX:DUR).

What opportunities or catalysts do fund managers highlight for Duratec Ltd?

Managers highlight new contract wins, multi-year-high order books, improving pricing power and a strong defence pipeline linked to Garden Island and submarine infrastructure, according to QVG, NAOS and Ellerston.

What are the key risks to the Duratec Ltd investment thesis, according to fund managers?

Pendal and QVG note weakness across contracting stocks after a strong run and disappointment over anticipated contracts that did not materialise, and NAOS cautions valuations now reflect strong conditions.

What does Duratec Ltd (ASX:DUR) do?

Duratec Ltd. is an Australian company based in Wangara, specializing in the protection and remediation of steel and concrete assets. Founded in 2010 by Harcourt Robert Phillip, Christopher John Oates, and Deane Diprose Gerald, the firm delivers specialized engineering and construction services. Duratec operates across four primary business segments: Defence, Mining & Industrial, Buildings & Facades, and Other. The company provides critical maintenance and structural longevity solutions for infrastructure, serving diverse sectors throughout Australia.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

Disclaimer Terms of Use Privacy Complaints Contact

Loading…