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Wagners (ASX:WGN), a Queensland construction materials company, is seen by fund managers as a leveraged play on infrastructure and power pole replacement. In September 2026, Firetrail said it is particularly excited by Wagners, up around 20% for the year, because of a global problem in replacing ageing electricity poles, where its composite fibre technology products can play a role. 1851 Capital rated Wagners a clear buy, calling it the most leveraged ASX exposure to infrastructure over the next five to six years, while QVG rated it a buy and Investors Mutual accumulated shares. Wagners operates in the Materials sector within the Construction Materials industry, and Thesis Tracker has captured 21 comments from 11 fund managers, including Firetrail, 1851 Capital, QVG and Investors Mutual. Founded in 1989 and headquartered in Wellcamp, Queensland, Wagners produces cement, concrete and aggregates and manufactures composite fibre products, including power poles, bridges and boardwalks.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Ellerston Capital, Centennial Asset Management, Balmoral Investors, LSN Capital Partners, Perpetual Asset Management, Ausbil Investment Management, Pengana Capital Group, QVG Capital, 1851 Capital, Firetrail Investments, Investors Mutual Limited and Akambo have invested in Wagners Holding Company Ltd (ASX:WGN).
Managers highlight leverage to southeast Queensland infrastructure spending, including Olympic projects, and global demand for composite fibre power poles as ageing timber poles are replaced, according to Firetrail, 1851 Capital and QVG.
QVG notes Wagners detracted in a weak July market, and QVG's own internal debate between hold and buy reflects valuation considerations after a strong run.
Founded in 1989 and headquartered in Wellcamp, Australia, Wagners Holding Co. Ltd. manufactures and sells construction materials. The company operates through four core segments: Construction Materials, Project Services, Composite Fibre Technology, and Earth Friendly Concrete. The Construction Materials division serves infrastructure, construction, and resource industries. Project Services offers mobile concrete, crushing, and haulage solutions under long-term international and domestic contracts. The firm focuses on sustainable innovation through its proprietary Composite Fibre Technology and Earth Friendly Concrete products, establishing itself as a provider of advanced building materials for modern infrastructure needs.
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.