change 4 digit number to time with formula or shortcut

Excel Facts

Repeat Last Command
Pressing F4 adds dollar signs when editing a formula. When not editing, F4 repeats last command.
Here's one way, there are likely to be others.
Assume your number 0430 is in cell A1.

Code:
=LEFT(B11,2)/24+RIGHT(B11,2)/1440

and then format as HH:MM
 
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